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The following information is available from the current period financial statements: Net income $ 122,438 Depreciation expense 39,870 Increase in accounts receivable 18,917 Decrease
The following information is available from the current period financial statements: Net income $ 122,438 Depreciation expense 39,870 Increase in accounts receivable 18,917 Decrease in accounts payable 23,797 The net cash flow from operating activities using the indirect method is a. $122,438 Ob. $77,688 OC. $205,022 Od. $119,594
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
