Question

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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  • CreatedJune 15, 2015
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