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The following information is available from the current period financial statements: Net income .................................... $140,000 Depreciation expense .................... $28,000 Increase in accounts receivable $16,000 Decrease
The following information is available from the current period financial statements:
Net income .................................... | $140,000 |
Depreciation expense .................... | $28,000 |
Increase in accounts receivable | $16,000 |
Decrease in accounts payable | $21,000 |
The net cash flow from operating activities using the indirect method is
$131,000 | ||
$163,000 | ||
$107,000 | ||
$205,000 |
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