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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $52,000, Accounts payable increased by $18,000,
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $52,000, Accounts payable increased by $18,000, Accounts receivable decreased by $25,000, Inventories increased by $5,000, AND Depreciation expense IS $30,000. Net cash provided by operating activities was:
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
