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PLEASE FILL IN RED BLANKS - THANK YOU Fitzpatrick Company's calendar-year 2013 income statement shows the following: Net Income, $374,000; Depreciation Expense, 544,000; Amortization Expense,
PLEASE FILL IN RED BLANKS - THANK YOU
Fitzpatrick Company's calendar-year 2013 income statement shows the following: Net Income, $374,000; Depreciation Expense, 544,000; Amortization Expense, $7, 200; Gain on Sale of Plant Assets, $6,000. An examination of the company's current assets and current liabilities reveals the following changes (all from operating activities): Accounts Receivable decrease, $17, 100; Merchandise Inventory decrease, $42,000; Prepaid Expenses increase, 54, 700; Accounts Payable decrease, $8, 200; Other Payables increase, $1, 200. Use the indirect method to compute cash flow from operating activities. Cash flows from operating activitiesStep by Step Solution
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