Question
4 00:55:39 A company reports net income of $8,800 for the year. During the year, the company reports an $960 loss from retirement of
4 00:55:39 A company reports net income of $8,800 for the year. During the year, the company reports an $960 loss from retirement of notes and a gain of $1,440 from the sale of equipment. Also, depreciation expense is $3,120. The only change in current assets and current liabilities was a $480 increase in inventory. Compute net cash provided by operating activities using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash 4 Changes in current assets and current liabilities $ 0
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