Question
1) S Company reported net income for 2016 in the amount of $165,129. The company's financial statements also included the following: Increase in accounts receivable
1) S Company reported net income for 2016 in the amount of $165,129. The company's financial statements also included the following:
Increase in accounts receivable | $ 14,816 |
Decrease in inventory | 8,734 |
Increase in accounts payable | 12,758 |
Depreciation expense | 18,638 |
Gain on sale of land | 8,852 |
What is net cash provided by operating activities under the indirect method? $________
2)
Sales revenue for Aldridge Co was $96,500. The following data are from the accounting records of Aldridge:
Accounts receivable, January 1 48,390 Accounts receivable, December 31 54,660
The cash received from customers was: |
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