The Following Is a Partial List of Accounts and Balances

question 61

Essay

The following is a partial list of accounts and balances for the Flores Corporation.Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.
Additional information:
Net income for 2016 was $36,900;depreciation expense was $26,700;equipment with a book value of $20,000 was sold for $18,000 cash.

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