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Given the following information, compute the cash at the end of the year of the firm: Depreciation 70,000 Increase in accounts receivable 25,000 Decrease
Given the following information, compute the cash at the end of the year of the firm: Depreciation 70,000 Increase in accounts receivable 25,000 Decrease in accrued expenses 5,000 Net Income $115,500 Increase in bonds payable 45,000 Increase in inventory 25,000 Preferred stock dividends paid 10,500 Decrease in prepaid expenses 10,000 Common stock dividends paid 55,000 Increase in plant and equipment 120,000 Increase in accounts payable 40,000 Increase in investments 25,000
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