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Wilmette & Company reported net income totaling $113,000. Depreciation expense for the year was $16,000. Accounts receivable decreased by $2,150, inventory increased by $2,250, dividends
Wilmette & Company reported net income totaling $113,000. Depreciation expense for the year was $16,000. Accounts receivable decreased by $2,150, inventory increased by $2,250, dividends paid totaled $7,500, accounts payable decreased by $2,500, and taxes payable increased by $3,500
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