The income statement of a company shows net income of $200,000; merchandise inventory on January I was

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The income statement of a company shows net income of $200,000; merchandise inventory on January I was $76,500 and on December 31 was $94,500; accounts payable for merchan- dise purchases were $57,000 on January I and $68,000 on December 31. Compute the cash flows from operating activities under the indirect method.  pg85 

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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