Question: NMZ Testing Equipment, Inc. reported the following data for 2019: Income Statement: Net Income $44,000 $8,000 Depreciation Expense Balance Sheet: Increase in Accounts Receivable
NMZ Testing Equipment, Inc. reported the following data for 2019: Income Statement: Net Income $44,000 $8,000 Depreciation Expense Balance Sheet: Increase in Accounts Receivable $8,000 Decrease in Accounts Payable $2,000 Compute NMZ Testing Equipment, Inc. net cash provided by operating activities--indirect method. NMZ Testing Equipment, Inc. Statement of Cash Flows Indirect Method For Year Ending Dec. 31, 2019 Cash Flow from Operating Activities: Net Income Adjustments to reconcile Net Income to net cash provided by Operating Activites: Depreciation Expense Increase In Accounts Receivable Decrease in Accounts Payable Net Cash provided by Operating Activites Check All Parts
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