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The net income reported on the income statement for the current year was 2,950,000. Depreciation recorded on plant assets was 380,000. Accounts receivable and
The net income reported on the income statement for the current year was 2,950,000. Depreciation recorded on plant assets was 380,000. Accounts receivable and inventories increased by 20,000 and 80,000, respectively. Prepaid expenses and accounts payable decreased by 10,000 and 110,000 respectively. How much cash was provided by operating activities?
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Principles Of Accounting
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
978-0077300456, 0077300459
