October Corporation reported net income of $46,000 in 2023. Depreciation expense was $17,000 and unrealized losses on
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October Corporation reported net income of $46,000 in 2023. Depreciation expense was $17,000 and unrealized losses on FV-NI investments were $3,000. The following accounts changed as indicated in 2023:
Calculate the net cash provided by operating activities using the indirect method.
Transcribed Image Text:
Accounts Receivable FV-NI Investments Deferred Tax Asset Inventory Notes Payable (non-trade) Accounts Payable $11,000 increase 3,000 decrease 2,000 decrease 7,400 increase 15,000 decrease 9,300 increase
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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