Business
Business, 02.07.2020 23:01, naomi12360

Macrosoft Company reports net income of $62,000. The accounting records reveal depreciation expense of $77,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $57,000, $10,000, and $16,500, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

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Macrosoft Company reports net income of $62,000. The accounting records reveal depreciation expense...

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