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Discuss statement of cash flows using the indirect method

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Reference no: EM131775840

Macrosoft Company reports net income of $68,000. The accounting records reveal depreciation expense of $83,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $63,000, $12,000, and $19,500, respectively.

Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

Reference no: EM131775840

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