Glitter girl inc recognized net income of 136000 including, Ask an Expert

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Glitter Girl, Inc. recognized net income of $136,000 including $24,000 in depreciation expense. Additional changes from the balance sheet are as follows. Accounts Receivable $3,000 decrease Prepaid Expenses $14,500 decrease Inventory $9,000 increase Accrued Liabilities $10,000 decrease Accounts Payable $19,500 increase Compute the net cash from operating activities based on the above information.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980813

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