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Prepare a reconciliation of net income to net cash provided by operating activities for American Express Company for the year ending December 31, 2023. Data:
- Prepare a reconciliation of net income to net cash provided by operating activities for American Express Company for the year ending December 31, 2023. Data: net income $3,600,000, depreciation $300,000, increase in accounts receivable $180,000, decrease in accounts payable $120,000, increase in inventory $240,000. Discuss the significance of each adjustment in the reconciliation process.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
