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Tesla, Inc. has the following information for the year ended December 31, 2024: Net Income: $500,000 Depreciation Expense: $100,000 Changes in Accounts Receivable: $50,000 (increase)
Tesla, Inc. has the following information for the year ended December 31, 2024:
- Net Income: $500,000
- Depreciation Expense: $100,000
- Changes in Accounts Receivable: $50,000 (increase)
- Changes in Inventory: $20,000 (decrease)
- Changes in Accounts Payable: $30,000 (increase)
- Purchase of Equipment: $200,000 Prepare a cash flow statement using the indirect method.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
