LeBlanc Transportation left parenthesis LT right parenthesis began 2020 with accounts receivable, inventory, and prepaid...
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Accounting
LeBlanc Transportation left parenthesis LT right parenthesis began with accounts receivable, inventory, and prepaid expenses totalling $ comma At the end of the year, LT had a total of $ comma for these current assets. At the beginning of LT owed current liabilities of $ comma and at yearend, current liabilities totalled $ comma Net income for the year was $ comma Included in net income were a $ comma gain on the sale of land and depreciation expense of $ comma
Show how LT should report cash flows from operating activities for LT uses the indirect method.
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