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Cash Flows from Operating Activities,Indirect Method The income statement disclosed the following items for the year: DepreciStatement of Cash Flows (partial) Cash flows from operating activities: Net income $ 508,000 Adjustments to reconcile net inc

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Answer #1

Just put a minus sign in front of all red marked boxes

Gain on disposal of equipment -33,600
Increase in accounts receivable -8960
Decrease in accounts payable -6080
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