Question: OMD Equipment Inc reported the following data for 2014 Income

OMD Equipment, Inc. reported the following data for 2014:
Income Statement:
Net Income .............. $ 44,000
Depreciation Expense .......... 8,000
Balance Sheet:
Increase in Accounts Receivable ..... 7,000
Decrease in Accounts Payable ...... 4,000
Compute OMD’s net cash provided by operating activities—indirect method.


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  • CreatedJanuary 16, 2015
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