Business, 17.12.2019 22:31 nate102201

Hardware suppliers reports net income of $149,000. included in net income is a gain on the sale of land of $12,000. a comparison of this year’s and last year’s balance sheets reveals an increase in accounts receivable of $19,000, an increase in inventory of $12,000, and a decrease in accounts payable of $39,000. required: prepare the operating activities section of the statement of cash flows using the indirect method.

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Hardware suppliers reports net income of $149,000. included in net income is a gain on the sale of l...

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