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... Metlock, Inc. reported net income of $1.7 million in 2017. Depreciation for the year was $145,900, accounts receivable decreased $348,800, and accounts payable decreased
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Metlock, Inc. reported net income of $1.7 million in 2017. Depreciation for the year was $145,900, accounts receivable decreased $348,800, and accounts payable decreased $305,500 Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000) Metlock, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income toStep by Step Solution
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