Question
Mike, LLC reports 697000 of net income in 2020 including 109000 of depreciation expense. Mike also reports the following: December 31 2020 | Accounts Receivable
Mike, LLC reports 697000 of net income in 2020 including 109000 of depreciation expense. Mike also reports the following:
December 31 2020|Accounts Receivable - 50200 Prepaid expenses - 8900 Accounts payable - 48300
December 31 2019|Accounts receivable - 65100 Prepaid Expenses 6700 Accounts Payable - 56000
What will Mike report on its 2020 statement of cash flows as net cash provided by operating activities?
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Textbook Of Financial Accounting And Analysis
Authors: Gaurav Agrawal
1st Edition
9350840901, 9789350840900
