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Pence Pants Corporation reports the following information: Net income $500,000 Depreciation expense 140,000 Increase in accounts receivable 60,000 Cash dividends paid 20,000 Prepare the operating
Pence Pants Corporation reports the following information: Net income $500,000 Depreciation expense 140,000 Increase in accounts receivable 60,000 Cash dividends paid 20,000 Prepare the operating activities section using the indirect method
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