GW Photography reported net income of $100,000 for 2012. Included in the income statement were depreciation expense
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GW Photography reported net income of $100,000 for 2012. Included in the income statement were depreciation expense of $6,300, patent amortization expense of $4,000, and a gain on sale of equipment of $3,600. GW??s comparative balance sheets show the following balances.
Calculate net cash provided by operating activities for GW Photography.
Transcribed Image Text:
12/31/12 12/31/11 Accounts receivable Accounts payable $21,000 9,200 $27,000 6,000
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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