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Micro Manufacturing reports net income of $862,000. Depreciation Expense is $65,000, Accounts Receivable increases $23,000 and Accounts Payable decreases $18,000. Calculate net cash flows
Micro Manufacturing reports net income of $862,000. Depreciation Expense is $65,000, Accounts Receivable increases $23,000 and Accounts Payable decreases $18,000. Calculate net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign.) Net cash flows from operating activities
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
