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Prepare the cash flows from operating activities section

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Question

Ames Company reported 2017 net income of $151,000. During 2017, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000.

Prepare the cash flows from operating activities section of the statement of cash flows.

(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Reference no: EM132316832

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