All problems require the Indirect Method for computations of cash flows: 1] The following information...
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Accounting
All problems require the Indirect Method for computations of cash flows: 1] The following information is available for Blasser Company. In preparation of the Statement of Cash Flows Net Income $187,500 Depreciation Expense $49,500 Loss on sale of equipment $3,000 Increase in accounts receivable $63,000 Increase in inventory $81,000 Decrease in pre-paid expenses $3,000 Decrease in accounts payable $10,500 Required: compute the amount of Cash provided by Operating Activities
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