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Prepare the Reconciliation of operating income to net cash (provided or used) In/by operating activities for the City of Portsmouth for the year-ended December 31,
Prepare the Reconciliation of operating income to net cash (provided or used) In/by operating activities for the City of Portsmouth for the year-ended December 31, 2018. Use the following data Operating income $125,000 Depreciation Expense $60,000 Increase in Customer Accounts Receivable $30,000 Decrease in interfund Receivables $25.000 increase in Accounts Payable $40,000
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