October Corporation reported net income of $46,000 in 2023. Depreciation expense was $17,000 and unrealized losses on

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October Corporation reported net income of $46,000 in 2023. Depreciation expense was $17,000 and unrealized losses on FV-NI investments were $3,000. The following accounts changed as indicated in 2023:

Calculate the net cash provided by operating activities using the indirect method.

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Intermediate Accounting Volume 2

ISBN: 9781119740445

13th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Jul 04, 2023 07:50 AM

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October Corporation reported net income of $46,000 in 2023. Depreciation expense was $17,000 and unrealized losses on

Question:

Accounts Receivable FV-NI Investments Deferred Tax Asset Inventory Notes Payable (non-trade) Accounts Payable $11,000 increase 3,000 decrease 2,000 decrease 7,400 increase 15,000 decrease 9,300 increase

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Cash flows from operating activities Net income Adjustments to reconcile net i...View the full answer

Intermediate Accounting Volume 2

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