Question
2: Net income is $48,406. During the year, accounts payable increased $3,679, inventory decreased $7,763, and accounts receivable increased $19,935. What is the net cash
2: Net income is $48,406. During the year, accounts payable increased $3,679, inventory decreased $7,763, and accounts receivable increased $19,935. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive. If the answer is a use, put a negative sign "-" in front of your answer.
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Management Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie McLaney
6th Edition
0273731521, 9780273731528
