The following information is available from the current period financial statements: Net income $111,266 Depreciation expense...
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The following information is available from the current period financial statements: Net income $111,266 Depreciation expense 20,875 Increase in accounts receivable 15,501 Decrease in accounts payable 17,102 The net cash flow from operating activities using the indirect method is Oa. $57,788 Ob. S164,744 Oc. Sil1,266 Od. $99,538 The following information is available from the current period financial statements: Net income $111,266 Depreciation expense 20,875 Increase in accounts receivable 15,501 Decrease in accounts payable 17,102 The net cash flow from operating activities using the indirect method is Oa. $57,788 Ob. S164,744 Oc. Sil1,266 Od. $99,538
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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