Broussard Company reported net income of $3.5 million in 2012. Depreciation for the year was $520,000; accounts

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Broussard Company reported net income of $3.5 million in 2012. 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

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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