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ziro4ka [17]
3 years ago
11

A company had net income of $234,665. Depreciation expense is $21,819. During the year, Accounts Receivable and Inventory increa

sed by $14,768 and $26,484, respectively. Prepaid Expenses and Accounts Payable decreased by $3,796 and $7,537, respectively. There was also a loss on the sale of equipment of $7,964. How much cash was provided by operating activities?

Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

Cash generated from operating activities is $219,455

Explanation:

Because it starts from Net income, this is an indirect method. Indirect method starts with Net income.

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D) introduction, body, and conclusion

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The structure of a presentation comprises of -

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It is the very first slide of the presentation , which initiates the presentation , and gives a overview of the topics and sub-topics that will be discussed in the upcoming slides .

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What objectives of internal controls are of primary interest to an auditor performing a financial statement audit?
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