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Macrosoft Company reports net income of $63,000. The accounting records reveal depreciation expense of $78,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $58,000, $12,000, and $17,000, respectively.

Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

Auditing, Accounting

  • Category:- Auditing
  • Reference No.:- M92747352

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