Question
A company had net income of $ 208680 . Depreciation expense is $ 19240 . During the year, accounts receivable and inventory increased $ 11100
A company had net income of $208680. Depreciation expense is $19240. During the year, accounts receivable and inventory increased $11100 and $29600, respectively. Prepaid expenses and accounts payable decreased $1480 and $10360, respectively. There was also a loss on the sale of equipment of $12580. How much cash was provided by operating activities?
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A C D E F G 1 Cash flow from operating activities 2 3 Net income 208680 Adjustment to reconc...Get Instant Access to Expert-Tailored Solutions
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
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