Net income was 61000 for the year. the accumulated, Ask an Expert

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Net income was $ 61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $47,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413359

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