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Using the indirect method, calculate the amount of net cash from operating activities from the following data: Year 2 Year 1 Net Income $250,000 Accounts
Using the indirect method, calculate the amount of net cash from operating activities from the following data: Year 2 Year 1 Net Income $250,000 Accounts receivable 22,000 $25,000 Prepaid expenses 3,000 5,000 Accounts payable 14,000 15,000 Depreciation expense 51,000 Amortization expense (Patent) 4,000 Dividends declared and paid 11,000
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