Question
Complete net cash flows from operations activities, indirect method. Net income is $280,000; depreciation expense is $38,000; accounts receivable decreased $2400; credit card receivables decrease
Net income is $280,000;
depreciation expense is $38,000;
accounts receivable decreased $2400;
credit card receivables decrease $2600;
prepaid insurance increase $2880;
inventory decreased $3700;
accounts payable increased $4700;
and other accrued payables decreased $3600.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
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