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Nordstrand Companys net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Debit balances: Accounts receivable
Nordstrand Companys net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Debit balances: Accounts receivable . . . . . . . . . . . . . . . . . . . . . $ (7,000) Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (5,000) Prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . $ 3,000 Credit balances: Accumulated depreciation . . . . . . . . . . . . . . . . $18,000 Accounts payable . . . . . . . . . . . . . . . . . . . . . . $13,000 Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . $(9,000) Taxes payable . . . . . . . . . . . . . . . . . . . . . . . . .$ 0 Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . $1,000 Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be how much
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