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Jim Cos worksheet for the preparation of its 2020 statement of cash flows included the following: 2020 2019 Accts. receivable P 29,000 P 23,000 Allow.
Jim Cos worksheet for the preparation of its 2020 statement of cash flows included the following:
2020 2019
Accts. receivable P 29,000 P 23,000
Allow. for Uncollec. Accts. 1,000 800
Prepaid rent Expense 8,200 12,400
Accounts Payable 22,400 19,400
Jim Cos net income is 150,000. What amount should Jim include as net cash provided by operating activities in the statement of cash flows? show solution
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