Net income for the year was $45,500. Accounts receivable increased $5,500, and account payable increased by $11,200.

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Net income for the year was $45,500. Accounts receivable increased $5,500, and account payable increased by $11,200. Under the indirect method, the cash flow from operations is?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Nov 08, 2019 05:43 AM

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Net income for the year was $45,500. Accounts receivable increased $5,500, and account payable increased by $11,200.

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The cash flow under the indirect m... View the full answer

Intermediate Accounting

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