Novak Corp. 's net income for the current year was $ 586000 . Depreciation was $ 76000
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Novak Corp.'s net income for the current year was $586000. Depreciation was $76000. Accounts receivable and inventories decreased by $24000 and $39000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $20000. Equipment was sold at a gain of $9300. How much cash was provided by operating activities?
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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