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Russell Company reports sales revenue of $31,000 and interest revenue of $6,000. Its comparative balance sheet shows that accounts receivable decreased $5,000 and interest receivable
Russell Company reports sales revenue of $31,000 and interest revenue of $6,000. Its comparative balance sheet shows that accounts receivable decreased $5,000 and interest receivable increased $1,250, Compute cash provided by operating activities using the direct method. Note: Amounts to be deducted should be indicated by a minus sign. Cash Receipts from Operations (Direct) Cash provided by operating activities
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