Crystal, Inc., reported net income of ($ 2.5) million in 1998. Depreciation for the year was ($

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Crystal, Inc., reported net income of \(\$ 2.5\) million in 1998. Depreciation for the year was \(\$ 260,000\), accounts receivable decreased \(\$ 350,000\), and accounts payable decreased \(\$ 310,000\). Compute net cash provided by operating activities using the indirect approach.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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