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1) A company's income statement showed the following: net income, $130,000 and depreciation expense, $31,800. An examination of the company's current assets and current liabilities
1) A company's income statement showed the following: net income, $130,000 and depreciation expense, $31,800. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,000; merchandise inventory increased $19,200; and accounts payable increased $4,000. Calculate the net cash provided or used by operating
2) Use the following information to calculate cash received from dividends:
Dividends revenue $ 31,300
Dividends receivable, January 1 2,900
Dividends receivable, December 31 4,000
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