Operating activities using the indirect approach, Accounting Basics

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Operating activities using the indirect approach

Salvador, Inc. reported net income of $2.5 million in 2008. Depreciation for the year was $260,000, 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: Operating activities using the indirect approach

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Operating activities using the indirect approach

Reference No:- TGS057311

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How much gross profit should be reported

Q : Determining the adjusting journal entry

Q : What is the effect of the free cash flows

Q : Pros-cons management treating direct labor as variable cost

Q : Operating activities using the indirect approach

Q : Alternative overhead allocation rates

Q : Feed the cattle and expensed

Q : Exercised an incentive stock option problem

Q : Child and dependent care credit amount basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Operating activities using the indirect approach

Reference No:- TGS057311

Recent Questions Asked Accounting Basics

Q : How much gross profit should be reported

Q : Determining the adjusting journal entry

Q : What is the effect of the free cash flows

Q : Pros-cons management treating direct labor as variable cost

Q : Operating activities using the indirect approach

Q : Alternative overhead allocation rates

Q : Feed the cattle and expensed

Q : Exercised an incentive stock option problem

Q : Child and dependent care credit amount basics

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