Question
Nieto Company reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,000, Accounts Payable decreased by $8,000, Accounts Receivable
Nieto Company reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,000, Accounts Payable decreased by $8,000, Accounts Receivable increased by $6,000, and Depreciation Expense was $10,000. If the indirect method is used, what is the net cash provided by operating activities?
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
