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Your answer is incorrect. Sheridan Company reported net income of $3.1 million in 2020. Depreciation for the year was $516,500, accounts receivable increased $486,000,
Your answer is incorrect. Sheridan Company reported net income of $3.1 million in 2020. Depreciation for the year was $516,500, accounts receivable increased $486,000, and accounts payable increased $280,000. Compute net cash flow from operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash flow $ 3822500
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