Engel, Inc. reported net income of ($ 1.6) million in 2025 . Depreciation for the year was
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Engel, Inc. reported net income of \(\$ 1.6\) million in 2025 . Depreciation for the year was \(\$ 140,000\), accounts receivable increased \(\$ 250,000\), and accounts payable increased \(\$ 210,000\). The company also had a gain on disposal of plant assets of \(\$ 19,000\). Compute net cash provided by operating activities using the indirect method.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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