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Calculate cash flow from operations using the indirect method, given the following information: Net Income: $80,000 Depreciation Expense: $10,000 Increase in Accounts Receivable: $5,000 Increase
Calculate cash flow from operations using the indirect method, given the following information:
- Net Income: $80,000
- Depreciation Expense: $10,000
- Increase in Accounts Receivable: $5,000
- Increase in Accounts Payable: $3,000
- Purchase of Equipment: $20,000
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
