furrent Attempt in Progress Lily Company completed its first year of operations on December...
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Accounting
furrent Attempt in Progress
Lily Company completed its first year of operations on December Its initial income statement showed that Lily had sales revenue of $ and operating expenses of $ Accounts receivable and accounts payable at yearend were $ and $ respectively. Assume that accounts payable related to operating expenses. Ignore income taxes.
Compute net cash provided by operating activities using the direct method. Show amounts that decrease cash flow with either sign es or in parenthesis eg
Net cash provided by operating activities
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