Business
Business, 25.03.2021 17:00, patience233

Wildhorse Co. reported net income of $176,240 for 2022. Wildhorse Co. also reported depreciation expense of $34,330 and a loss of $4,840 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $13,520 for the year, a $16,200 increase in accounts payable, and a $3,990 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method

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Wildhorse Co. reported net income of $176,240 for 2022. Wildhorse Co. also reported depreciation exp...

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