Use the following information from Kentucky Companys financial statements to determine operating net cash flows (indirect method).
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Use the following information from Kentucky Company’s financial statements to determine operating net cash flows (indirect method).
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Net income Depreciation expense Gain on sale of plant assets Increase in accounts receivable Decrease in accounts payable $176,000 18,750 15,000 12,000 5,500
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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