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Business, 27.04.2021 14:40 jelopez4

Madison Company reported net income of $100,000 for the year ended December 31, 2016. During the year, inventories decreased by $12,000, accounts payable decreased by $18,000, depreciation expense was $20,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2016 using the indirect method was:

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Madison Company reported net income of $100,000 for the year ended December 31, 2016. During the yea...
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