Question: Please use the indirect method to answer the following four questions, based on the information for Armstrong Company. You MUST show work and / or
Please use the indirect method to answer the following four questions, based on the information for Armstrong Company. You MUST show work andor calculations for ANY or partial credit. points
Net income
Depreciation expense
Decrease in accts. receiv.
Increase in inventories
$
Increase in plant and equip.
Payment of dividends
Increase in longterm debt
Decrease in accounts payable
$
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