Question
Blue Sky Corporation had net income for 2021 of $2,500,000. Additional information is as follows: Depreciation of plant assets $800,000 Amortization of intangibles 320,000 Decrease
Blue Sky Corporation had net income for 2021 of $2,500,000. Additional information is as follows:
Depreciation of plant assets $800,000
Amortization of intangibles 320,000
Decrease in accounts receivable 420,000
Increase in accounts payable 440,000
Blue Skys net cash provided (used) by operating activities for 2021 was
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Auditing A Practical Approach
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
2nd Canadian edition
9781118377901, 1118377907, 1119048095, 978-1118849415
