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Check my work For the just completed year, Hanna Company had net income of $35,000. Balances in the company's current asset and current liabi accounts
Check my work For the just completed year, Hanna Company had net income of $35,000. Balances in the company's current asset and current liabi accounts at the beginning and end of the year were as follows: End of Beginning of Year Year Current assets: Cash and cash equivalents Accounts receivable 125,000 106,900 Inventory Prepaid expenses s 3e,000 40,0e0 $213,000180,00 7,e00 $6,000$ Current liabilities: 210,000 195,000 6,000 Accounts payable Accrued liabilities 4,000 $ Income taxes payable $ 34,00030,000 6 Accumulated Depreciation account had total credits of $20,000 during the year Hanna Company did not record any gains or losses during the year Required: g the indirect method, determine the net cash provided by operating activities for the year (List any deduction in cash outflows as negative amounts.) Prev 1 of 3 EEI Next >
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