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The Courtenay Hay Company reported net income of $20,000 for it's year end 2019. During the year, inventories decreased by $7,000, accounts payable decreased by
The Courtenay Hay Company reported net income of $20,000 for it's year end 2019. During the year, inventories decreased by $7,000, accounts payable decreased by $8,000, depreciation expense was $10,000, and accounts receivable increased by $6,500. Net cash provided by operations in 2019, computed using the indirect method, was: Question 22 options: $22,500. $10,500. $38,500. $51,500
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