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Business, 02.06.2021 21:20 DerekMoncoal

Additional information: 1. Accounts receivable decreased $290,000 during the year. 2. Prepaid expenses increased $170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $260,000 during the year. 4. Accrued expenses payable decreased $140,000 during the year. 5. Administrative expenses include depreciation expense of $60,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020, for Swifty Company, using the indirect method.

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Additional information: 1. Accounts receivable decreased $290,000 during the year. 2. Prepaid expens...

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