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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $54,000 Accounts payable increased by
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $54,000 Accounts payable increased by 20,000 Accounts receivable decreased by 29,000 Inventories decreased by 7,000 Cash dividends paid 16,000 Depreciation expense 24,000 Net cash provided by operating activities was: Multiple Choice $134,000. $75,000 $74,000
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Cornerstones of managerial accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
5th edition
978-1305302327, 130530232X, 978-1133943983
