The net income for Castle Co. for 2008 was $280,000. For 2008 depreciation on plant assets was

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The net income for Castle Co. for 2008 was $280,000. For 2008 depreciation on plant assets was $60,000, and the company incurred a loss on sale of plant assets of $12,000. Compute net cash provided by operating activities under the indirect method.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 10, 2012 12:47 AM

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The net income for Castle Co. for 2008 was $280,000. For 2008 depreciation on plant assets was

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Intermediate Accounting principles and analysis

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