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A company starts the year with accounts payable of $13,000 but ends the year with the balance being $19,000. Net income for the year is
- A company starts the year with accounts payable of $13,000 but ends the year with the balance being $19,000. Net income for the year is $300,000. If the company reports its cash flows from operating activities by means of the indirect method, what amount should be reported?
- $287,000
- $294,000
- $306,000
- $319,000
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
