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Current Attempt in Progress Use the following information to perform the calculations below (using the indirect method). Net income $550,000 Beginning accounts payable $110,000
Current Attempt in Progress Use the following information to perform the calculations below (using the indirect method). Net income $550,000 Beginning accounts payable $110,000 Depreciation expense 94,000 Ending accounts payable 141,000 Beginning accounts receivable 429,100 Purchase of long-term assets 731,000 Ending accounts receivable 446,000 Issuance of long-term debt 265,000 Beginning inventory 511,000 Issuance of stock for cash 182,000 Ending inventory 568,000 Issuance of stock for long-term assets 102,000 Beginning prepaid insurance 42,300 Purchase of treasury stock 70,000 Ending prepaid insurance 46,500 Sale of long-term investment at cost 52,500 S (d) Calculate the net change in cash. (Show amount that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Net increase in cash eTextbook and Media tv SUPPORT
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