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Brief Exercise 13-4 Telfer, Inc. reported net income of $2.9 million in 2017. Depreciation for the year was $161,900, accounts receivable decreased $354,400, and accounts
Brief Exercise 13-4 Telfer, Inc. reported net income of $2.9 million in 2017. Depreciation for the year was $161,900, accounts receivable decreased $354,400, and accounts payable decreased $276,200. Compute net cash provided by operating actlvities using the Indirect method. (Show amounts that decrease cash flow with elther a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Telfer, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to LINK TO TEXT
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