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Conpute net cash provided by operating activities using thr direct method. Current Attempt in Progress Cly company completed its first yeac of operations on December
Conpute net cash provided by operating activities using thr direct method.
Current Attempt in Progress Cly company completed its first yeac of operations on December 31.2022 . It inil tiaf income statement showed that Lily had sales revenue of $193,900 and operating expenses of $80,800. Accounts receivable and accounts payable at year end were $65,000 and $26,400. respectively. Assume that accounts paybile rebted to oberating expereses, ignore income taxes Compute net cash provided by operating activities using the dicect method, ishow amounts thot decrease cosh flow with either a-sign es 15,000 or in parenthesises (15,000) Net cash provided by operating activities Step by Step Solution
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