Bonnie Raitt Company reported net income of $3.5 mil- lion in 2008. Depreciation for the year was

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Bonnie Raitt Company reported net income of $3.5 mil- lion in 2008. Depreciation for the year was $520,000; accounts receivable increased $500,000; and accounts payable increased $350,000. Compute net cash flow from operating activities using the indirect method.

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Intermediate Accounting 2007 FASB Update Volume 2

ISBN: 9780470128763

12th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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