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Statement of cash flows using the indirect method

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Reference no: EM132203305

The data given below are from the accounting records of Kain Company:

Net Income$40,000Depreciation expense8,000Decrease in accounts payable1,800Decrease in merchandise inventory2,500Increase in long-term liabilities10,000Increase in common stock25,000Increase in accounts receivable4,000

Based on this information, the net cash flows from operating activities on the statement of cash flows using the indirect method would be

Reference no: EM132203305

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