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The income statement of Hauser Company is presented on the next page. Additional information:1. Accounts receivable decreased $290,000 during the year, and inventory increased $140,000.2. Prepaid expenses increased $175,000 during the year.3. Accounts payable to merchandise suppliers increased $63,000 during the year.4. Accrued expenses payable increased $145,000 during the year.
Instructions
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Hauser Company, using the indirect method.
The scenario: At the start of the year beginning January 1, 2013, Coco City's General Fund had a cash balance of $40,000, vouchers payable of $35,000, and unassigned fund balance of $5,000.
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