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Swifty Company reported net income of $2.1 million in 2020. Depreciation for the year was $530,000, accounts receivable increased $478,000, and accounts payable increased $293,500.
Swifty Company reported net income of $2.1 million in 2020. Depreciation for the year was $530,000, accounts receivable increased $478,000, and accounts payable increased $293,500. Compute net cash flow from operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Net cash flow | $ |
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