Net income is $260,000; Depreciation expense is $42,000; Accounts receivable increased $2,500; Credit card receivables decreased $4,600;

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Prepaid insurance increased $2,400; Inventory increased by $4,500;

Accounts payable decreased $3,000; and Accrued payroll payable increased

$3,600. Complete net cash flow from operations activities, indirect method.

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 10:06 AM

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Net income is $260,000; Depreciation expense is $42,000; Accounts receivable increased $2,500; Credit card receivables decreased $4,600;

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Hospitality Management Accounting

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