October Corporation reported net income of $46,000 in 2014. Depreciation expense was $17,000 and unrealized losses on

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October Corporation reported net income of $46,000 in 2014. Depreciation expense was $17,000 and unrealized losses on FV-NI investments were $3,000. The following accounts changed as indicated in 2014:
Accounts Receivable.............................................. $11,000 increase
Investments in Bonds, at Amortized Cost........................16,000 increase
Deferred Tax Assets..................................................2,000 decrease
Inventory...............................................................7,400 increase
Notes Payable (non-trade)..........................................15,000 decrease
Accounts Payable.........................................................9,300 increase
Calculate the net cash provided by operating activities.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

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

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