Engel, Inc. reported net income of ($ 1.6) million in 2025 . Depreciation for the year was

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Engel, Inc. reported net income of \(\$ 1.6\) million in 2025 . Depreciation for the year was \(\$ 140,000\), accounts receivable increased \(\$ 250,000\), and accounts payable increased \(\$ 210,000\). The company also had a gain on disposal of plant assets of \(\$ 19,000\). Compute net cash provided by operating activities using the indirect method.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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