Ndon Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of

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Ndon Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of $47,000. Amortization expense was $8,000. Ndon purchased new equipment during the year for $50,000. Show how this information would be used to determine net cash provided by operating activities.

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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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