Trenton reports net income of $256,000 for the year ended December 31, Year 2. It also reports
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Trenton reports net income of $256,000 for the year ended December 31, Year 2. It also reports $99,000 depreciation expense and a $6,300 gain on the sale of equipment. Its comparative balance sheet reveals a $40,700 decrease in accounts receivable, a $18,350 increase in accounts payable, and a $14,250 decrease in wages payable.
Calculate the net cash provided (used) in operating activities using the indirect method.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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