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Martin,Inc

Question 157

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Martin,Inc.'s,income statement is shown below.Based on this income statement and the other information provided,calculate the net cash provided by operations using the indirect method.
 Martin,Inc.'s,income statement is shown below.Based on this income statement and the other information provided,calculate the net cash provided by operations using the indirect method.     Additional information:   \begin{array}{|l|r|} \hline \text { Increase in accounts receivable } & \$ 4,000 \\ \hline \text { Increase in accounts payable } & 16,000 \\ \hline \text { Increase in income taxes payable } & 300 \\ \hline \text { Decrease in prepaid expenses } & 10,000 \\ \hline \text { Decrease in merchandise inventory } & 14,000 \\ \hline \text { Decrease in long-term notes payable } & 20,000\\ \hline \end{array}
Additional information:
 Increase in accounts receivable $4,000 Increase in accounts payable 16,000 Increase in income taxes payable 300 Decrease in prepaid expenses 10,000 Decrease in merchandise inventory 14,000 Decrease in long-term notes payable 20,000\begin{array}{|l|r|}\hline \text { Increase in accounts receivable } & \$ 4,000 \\\hline \text { Increase in accounts payable } & 16,000 \\\hline \text { Increase in income taxes payable } & 300 \\\hline \text { Decrease in prepaid expenses } & 10,000 \\\hline \text { Decrease in merchandise inventory } & 14,000 \\\hline \text { Decrease in long-term notes payable } & 20,000\\\hline\end{array}

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