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Brief Exercise 17-05 The net income for Metz Co. for 2020 was $348,600. For 2020, depreciation on plant assets was $67,200, and the company incurred
Brief Exercise 17-05 The net income for Metz Co. for 2020 was $348,600. For 2020, depreciation on plant assets was $67,200, and the company incurred a loss on disposal of plant assets of $12,400. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with eithera sign e.g. -15,000 or in parenthesis e.g. (15,000).) Metz Co. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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