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Problem #14 Pava & Co, reported net income at December 31, 2019 of $650,000. Depreciation for the year was $18,000, accounts receivable increased by $6,000,
Problem #14 Pava & Co, reported net income at December 31, 2019 of $650,000. Depreciation for the year was $18,000, accounts receivable increased by $6,000, and accounts payable increased by $17,000. In addition, the company had a loss on the sale of an asset in the amount of $4,000. Compute net cash provided by operating activities using the indirect method
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