Question: Stewart Construction Corporation had a net income of 16 500 during
Stewart Construction Corporation had a net income of $16,500 during 2014. In that year, the company had depreciation expense of $7,000. Accounts Receivable increased by $5,500 and Accounts Payable increased by $2,500. Those were the company’s only current assets and current liabilities. Use the indirect method to determine net cash flows from operating activities.
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