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Prepare a cash flow statement for Johnson & Johnson for the year ended December 31, 20X4, using the indirect method. Use the following information: Net
Prepare a cash flow statement for Johnson & Johnson for the year ended December 31, 20X4, using the indirect method. Use the following information:
- Net income: $1,500,000
- Depreciation expense: $300,000
- Increase in accounts receivable: $100,000
- Increase in accounts payable: $200,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
978-0470161012
