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Business, 20.12.2019 00:31 iamasia06

Novak corp. reported net income of $178,150 for 2022. novak corp. also reported depreciation expense of $36,430 and a loss of $5,190 on the disposal of plant assets. the comparative balance sheets show an increase in accounts receivable of $16,500 for the year, a $18,040 increase in accounts payable, and a $3,970 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2022. use the indirect method. (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,

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Novak corp. reported net income of $178,150 for 2022. novak corp. also reported depreciation expense...
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