Macrosoft Company reports net income of $73,000. The accounting records reveal depreciation expense of $88,000 as well as increases in prepaid rent, accounts payable, and income tax payable of...


Macrosoft Company reports net income of $73,000. The accounting records reveal depreciation expense of $88,000 as well as<br>increases in prepaid rent, accounts payable, and income tax payable of $68,000, 11,000, and $22,000, respectively Prepare the<br>operating activities section of Macrosoft's statement of cash flows using the indirect method(List cash outflows and any decrease in<br>cash as negative amounts.<br>

Extracted text: Macrosoft Company reports net income of $73,000. The accounting records reveal depreciation expense of $88,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $68,000, 11,000, and $22,000, respectively Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method(List cash outflows and any decrease in cash as negative amounts.

Jun 10, 2022
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