The net income for the year ended December 31, 2015, for Oliva Company was $1,900,000. Additional information
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Depreciation on plant assets................................................................ $600,000
Amortization of leasehold improvements ................................................ 340,000
Provision for doubtful accounts on short-term receivables increase .................. 120,000
Provision for doubtful accounts on long-term receivables increase................... 100,000
Interest paid on short-term borrowings................................................... 80,000
Interest paid on long-term borrowings ....................................................60,000
Based solely on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2015?
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Related Book For
Intermediate Accounting
ISBN: 978-1118300855
10th Canadian Edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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