Titanic Co. reported net income of ($2.5) million in 2002. Depreciation for the year was ($260,000), accounts

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Titanic Co. reported net income of \($2.5\) million in 2002. 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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Managerial Accounting Tools For Business Decision Making

ISBN: 9780471413653

2nd Canadian Edition

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

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