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Question no 6: 6 Marks Neal Company reported net income of $150,000. For 2018, depreciation was $30,000, and the company reported a gain on sale

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Question no 6: 6 Marks Neal Company reported net income of $150,000. For 2018, depreciation was $30,000, and the company reported a gain on sale of investments of $10,000. Accounts receivable increased $25,000 and accounts payable decreased $15,000. Instructions: Compute net cash provided by operating activities using the indirect method. Solution

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