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A Corporation Is Preparing a Statement of Cash Flows

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A corporation is preparing a Statement of Cash Flows. Complete the following part of it in the spaces provided (be sure to indicate + or -):  Operating Activities  Amount  Net income (accrual), $45,000$ Adjustments to convert net income to cash from operating activities:  Depreciation Expense, $6,000 Decrease in Accounts Receivable balance, $2,000 Decrease in Accrued wages payable balance, $1,000 Amortization of patent, $500 Increase in Inventory balance, $4,000 Decrease in Accounts Payable balance, $1,500 Net cash inflow (outflow) from operations $\begin{array} { | l | l | } \hline \text { Operating Activities } & \text { Amount } \\\hline \text { Net income (accrual), } \$ 45,000 & \$ \\\hline \text { Adjustments to convert net income to cash from operating activities: } & \\\hline \text { Depreciation Expense, } \$ 6,000 & \\\hline \text { Decrease in Accounts Receivable balance, } \$ 2,000 & \\\hline \text { Decrease in Accrued wages payable balance, } \$ 1,000 & \\\hline \text { Amortization of patent, } \$ 500 & \\\hline \text { Increase in Inventory balance, } \$ 4,000 & \\\hline \text { Decrease in Accounts Payable balance, } \$ 1,500 & \\\hline \text { Net cash inflow (outflow) from operations } &\$ \\\hline\end{array}

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