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The net profit reported on the income statement for the current year was $100 000. Depreciation recorded on property, plant and equipment was $60 000. Balances of current asset and current liability accounts at the end and at the beginning of the year are listed below.
What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
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Liberal Arts
An area of study that emphasizes a broad education in literature, philosophy, social and physical sciences, and mathematics rather than technical or professional training.
Career Counselor
A professional who provides guidance and advice to individuals on matters related to careers, education, and employment.
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