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The following information is from the balance sheet and income statement of Duchesne Company. Increase in accounts receivable $300 Decrease in income taxes payable 170
The following information is from the balance sheet and income statement of Duchesne Company. Increase in accounts receivable $300 Decrease in income taxes payable 170 Depreciation 1,000 Net income 250 Gain on sale of equipment 440 Loss on sale of building 210 Using the information, compute cash flow from OPERATING activities. Note: With the limited information given, only the indirect method can be used. $550 $330 $1,010 $780 $120
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