(Solution) - COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Horn Company s con -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Horn Company?s condensed income statement for the year ended December 31, 20-2, was as follows:




Additional information obtained from Horn?s comparative balance sheet and auxiliary records as of December 31, 20-2 and 20-1, was as follows:



Depreciation expense for 20-2, included in operating expenses on the income statement, was $32,000.
REQUIRED
Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31,20-2.