Question
Company reported net income of $80,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation
Company reported net income of $80,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is:
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Principles Of Accounting
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
978-0077300456, 0077300459
