Global Market Corporation had a net income of $33,000 during 20x4. During the year, the company had

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Global Market Corporation had a net income of $33,000 during 20x4. During the year, the company had depreciation expense of $14,000. Accounts Receivable increased by

$11,000, and Accounts Payable increased by $5,000. Those were the company's only current assets and current liabilities. Use the indirect method to determine net cash flows from operating activities.L01

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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