Broussard Company reported net income of $3.5 million in 2015. Depreciation for the year was $520,000, accounts

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Broussard Company reported net income of $3.5 million in 2015. Depreciation for the year was $520,000, accounts receivable increased $500,000, and accounts payable increased $300,000. Compute net cash flow from operating activities using the indirect method.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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