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PQR Company provided the following information for the year: Net Income: $150,000 Depreciation Expense: $20,000 Increase in Accounts Receivable: $10,000 Decrease in Inventory: $5,000 Purchase
PQR Company provided the following information for the year:
- Net Income: $150,000
- Depreciation Expense: $20,000
- Increase in Accounts Receivable: $10,000
- Decrease in Inventory: $5,000
- Purchase of Equipment: $30,000 Prepare the operating activities section of the statement of cash flows using the indirect method.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
