Joshs PhotoPlus reported net income of $73,000 for 2014. Included in the income statement were depreciation expense
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Josh’s PhotoPlus reported net income of $73,000 for 2014. Included in the income statement were depreciation expense of $7,000 and a gain on disposal of plant assets of $2,500.
Josh’s comparative balance sheets show the following balances.
Calculate net cash provided by operating activities for Josh’s PhotoPlus.
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Cash flows from operating activities Net income Adjustments to r...View the full answer
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