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Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $

Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $
Transcribed Image Text:Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $
Adjustments to reconcile net income to 100 $ $
Transcribed Image Text:Adjustments to reconcile net income to 100 $ $
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