GDM Equipment, Inc. reported the following data for 2016: Income Statement: Net Income..........$ 44,000 Depreciation Expense...... 9,000

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GDM Equipment, Inc. reported the following data for 2016:
Income Statement:
Net Income..........$ 44,000
Depreciation Expense...... 9,000
Balance Sheet:
Increase in Accounts Receivable.. 9,000
Decrease in Accounts Payable... 4,000
Compute GDM’s net cash provided by operating activities indirect method.
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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