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Business, 29.04.2021 04:20 latoyatuggle23

Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $50,000, $11,000, and $13,000, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

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Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense...

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