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Problem 7 (10) - Pence Pants Corporation reports the following information: Net income $500,000 140,000 60,000 20,000 Depreciation expense Increase in accounts receivable Cash dividends

Problem 7 (10) - Pence Pants Corporation reports the following information: Net income $500,000 140,000 60,000 20,000 Depreciation expense Increase in accounts receivable Cash dividends paid Prepare the operating activities section using the indirect method.
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Pence Pantc Cornoration renorts the following information

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