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In its most recent annual report, Rodgers Company reported total sales revenue of $60,000 and total expenses of $50,000, resulting in net income of $10,000.
In its most recent annual report, Rodgers Company reported total sales revenue of $60,000 and total expenses of $50,000, resulting in net income of $10,000. During the year, accounts receivable increased by $497, merchandise inventory decreased by $465, accounts payable increased by $737, and depreciation of $1,176 was recorded. Given this information, the net cash flow from operating activities using the indirect method was
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