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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068 Exercise 98
Step-by-step solution
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Step 1 of 2
a. | Cash flows from operating activities: | ($000 omitted) |
| Net income | $420 |
| Add (deduct) items not affecting cash: |
|
| Depreciation and amortization expense | 320 |
| Accounts receivable decrease | 45 |
| Inventory increase | (20) |
| Accounts payable decrease | (10) |
| Income tax payable increase | 35 |
| Net cash provided by operating activities | $790 |
Step 2 of 2
Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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