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Pearl Company reported net income of $2.0 million in 2020. Depreciation for the year was $516.500, accounts receivable increased $490,000, and accounts payable increased $282,500.
Pearl Company reported net income of $2.0 million in 2020. Depreciation for the year was $516.500, accounts receivable increased $490,000, and accounts payable increased $282,500. Compute net cash flow from operating activities using the indirect method. (Show amounts that decrease cash flow with either - signes -15,000 or in parenthesis eg. (15,000.) Net cash flow $
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