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$ 43,000 6,000 Income Statement: Net Income Depreciation Expense Balance Sheet: Increase in Accounts Receivable Decrease in ACompute DVRs net cash provided by operating activities-indirect method. Complete the partial Statement of Cash Flows. (Use a

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Ans. DVR Equipment,   Inc.
Statement of Cash Flows (Partial)
Year Ended December 31, 2018
Particulars Amount Amount
Cash flow from operating activities:
Net income $43,000
Adjustments to reconcile Net income to Net cash
provided by Operating Activities:
Add: Depreciation expenses $6,000
Less: Increase in accounts receivable -$6,000
Less: Decrease in accounts payable -$2,000 -$2,000
Net cash Provided by Operating Activities $41,000
*Explanations:
*Increase in current liabilities and Decrease in current assets other than cash is added to Net Income.
*Non cash & Non operating expenses are added to Net income.
*Non cash & Non operating income are deducted from Net income.
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