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Alpha Pharmaceuticals presents the following information for the year: Net income: $200,000 Depreciation expense: $50,000 Increase in accounts receivable: $30,000 Decrease in inventory: $20,000 Increase
Alpha Pharmaceuticals presents the following information for the year:
- Net income: $200,000
- Depreciation expense: $50,000
- Increase in accounts receivable: $30,000
- Decrease in inventory: $20,000
- Increase in accounts payable: $10,000
- Purchase of equipment: $100,000 Prepare the cash flow statement using the indirect method.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
