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Team Shirts,Inc

Question 118

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Team Shirts,Inc.recognized $8,144 of supplies expense for the year.At the beginning of the year,the balance in Supplies was $1,625.At the end of the year,the balance was $2,035.All supplies have been paid for in cash.How is the accounting information for these items reported on the statement of cash flows using the indirect method?

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The net increase of $410 is subtracted f...

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