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The comparative balance sheets for G Company for 2010 show these changes in non-cash current assets accounts: accounts receivables increase $82,000, prepaid expenses increased by $10,000, inventory increased by $14,000. Also, cash increased by $12,000 and there was a purchase of a BMW for $45,000. Compute the net cash provided by operating activities using the indirect method assuming that net income was $125,000 for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973447

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