Question: OMD Equipment, Inc. reported the following data for 2014: Income Statement: Net Income .............. $ 44,000 Depreciation Expense ..........8,000 Balance Sheet: Increase in Accounts Receivable

OMD Equipment, Inc. reported the following data for 2014:

Income Statement:

Net Income .............. $ 44,000

Depreciation Expense ..........8,000

Balance Sheet:

Increase in Accounts Receivable .....7,000

Decrease in Accounts Payable ......4,000

Compute OMD’s net cash provided by operating activities—indirect method.


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