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A company reports net income of $8,100 for the year. During the year, the company reports an $820 loss from retirement of notes and a
A company reports net income of $8,100 for the year. During the year, the company reports an $820 loss from retirement of notes and a gain of $1,230 from the sale of equipment. Also, depreciation expense is $2,840. The only change in current assets and current liabilities was a $410 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 Changes in current assets and current liabilities A company reports net income of $8,100 for the year. During the year, the company reports an $820 loss from retirement of notes and a gain of $1,230 from the sale of equipment. Also, depreciation expense is $2,840. The only change in current assets and current liablities was a $410 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
A company reports net income of $8,100 for the year. During the year, the company reports an $820 loss from retirement of notes and a gain of $1,230 from the sale of equipment. Also, depreciation expense is $2,840. The only change in current assets and current liabilities was a $410 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 Changes in current assets and current liabilities
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