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Apple Inc. has the following information for the year ended September 30, 2024: Net Income: $1,500,000 Depreciation Expense: $200,000 Changes in Accounts Receivable: $100,000 (decrease)
Apple Inc. has the following information for the year ended September 30, 2024:
- Net Income: $1,500,000
- Depreciation Expense: $200,000
- Changes in Accounts Receivable: $100,000 (decrease)
- Changes in Inventory: $50,000 (increase)
- Changes in Accounts Payable: $80,000 (increase)
- Purchase of Equipment: $300,000 Prepare a cash flow statement using the indirect method.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
