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At the beginning of 2015, Baldwin Corporation bought an automobile for $36,000 by issuing a note payable. The automobile has a six-year life and is
At the beginning of 2015, Baldwin Corporation bought an automobile for $36,000 by issuing a note payable. The automobile has a six-year life and is depreciated using the straight-line method. To determine net cash flow from operating activities for 2015 using the indirect method, net income should be:
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