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  3. xyz corporation repairs its statement of cash flow

XYZ corporation repairs its statement of cash flows using the indirect method to report operating...

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Accounting

XYZ corporation repairs its statement of cash flows using the indirect method to report operating activities net income for the 2024 fiscal year was 154,000 depreciation and amortization expense of 26,000 was included with operating expenses in the income statement the following information describes the changes in current acids and liabilities other than cash increase in a account receivable 42,000 purchase of equipment 80,000 increase in inventory 12,000 paid cash dividends to shareholders 25,000 bonds payable 75,000 decrease in prepaid expenses 10,000 increase in salaries payable 14,000 issued common stock 70,000 decrease in income tax payable 8000 prepare the operating activity section of the 2024 statement of cash flows

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