Bonita Company reported net income of $108,000 for the year ended December 31, 2019. During the year,
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Bonita Company reported net income of $108,000 for the year ended December 31, 2019. During the year, inventories decreased by $15,400, accounts payable decreased by $19,500, depreciation expense was $18,500 and a gain on disposal of equipment of $8,600 was recorded. Net cash provided by operating activities in 2019 using the indirect method was
a). $106200
b). $123400
c). $113800.
d). $122400
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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