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Question Help Sheehan Corporation formats operating cash flows by the indirect method EE (Click the...

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Question Help Sheehan Corporation formats operating cash flows by the indirect method EE (Click the icon to view the income statement.) ?(Click the icon to view the balance sheet.) How do Sheehan's accrued liabilities affect the company's statement of cash flows for 2016? O A. Increase in cash used by financing activities O B. They don't because the accrued liabilities are not yet paid O C. Increase in cash used by investing activities O D. Increase in cash provided by operating activities Data Table Sheehan's Income Statement for 2016 Sales revenue Gain on sale of equipment Cost of goods sold Depreciation Other operating expenses Net income The book value of equipment sold during 2016 was $20,000 $ 175,000 6,000. 181,000 108,000 6,500 26,000 140,500 $ 40,500 Print Done Click to select your

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