ADJUSTING NET INCOME FOR NONCASH EXPENSES After adjusting net income for changes in current assets and current
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ADJUSTING NET INCOME FOR NONCASH EXPENSES After adjusting net income for changes in current assets and current liabilities, Cha Cha Dance Company’s cash from operating activities is $60,000. However, Cha Cha reports $5,000 in patent amortization expense for the year. Compute cash from operating activities after considering the impact of amortization.
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