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Joeys Company uses the indirect method. Selected information appears below. How much is Joeys net cash flow from operating activities? You must show your work
Joeys Company uses the indirect method. Selected information appears below. How much is Joeys net cash flow from operating activities? You must show your work for full credit.
Net income | $2,500,000 |
Accounts receivable increase | 100,000 |
Inventory increase | 75,000 |
Accounts payable decrease | 90,000 |
Income tax payable increase | 10,000 |
Increase in dividends payable | 12,000 |
Loss on disposal of equipment | 30,000 |
Depreciation expense | 340,000 |
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