A company had net income of 242000. depreciation expense is, Ask an Expert

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A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2000 and $4000, respectively. There was also a loss on the sale of equipment of $3000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417872

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