E 16-4 p. 777 Featherstone Inc. reported the following data: Net income...
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Accounting
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E 16-4 p. 777 Featherstone Inc. reported the following data:
Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment 58,200 Decrease in accounts receivable 71,300 Decrease in accounts payable 27,100
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Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method.
E 16-4 p. 777 Featherstone Inc. reported the following data:
| Net income | $296,000 |
| Depreciation expense | 113,100 |
| Gain on disposal of equipment | 58,200 |
| Decrease in accounts receivable | 71,300 |
| Decrease in accounts payable | 27,100 |
Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method.
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