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Depreciation for the year was 160000 accounts receivable

Jeremy, Inc. reported net income of $2.5 million in 2012. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect approach.

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Accounting Basics: Depreciation for the year was 160000 accounts receivable

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Accounting Basics: Depreciation for the year was 160000 accounts receivable

Reference No:- TGS0794485

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