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Russell Company reports sales revenue of $30,200 and interest revenue of $5,200. Its comparative balance sheet shows that accounts receivable decreased $4,200 and interest
Russell Company reports sales revenue of $30,200 and interest revenue of $5,200. Its comparative balance sheet shows that accounts receivable decreased $4,200 and interest receivable increased $1,050. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Cash Receipts from Operations (Direct) Cost of goods sold Decrease in accounts payable Decrease in accounts receivable Decrease in inventory
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