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Problem:
Consider the following information:
Net Income
64
Purchases of equipment
33
Accounts receivable increase
8
Dividends paid
20
Depreciation expense
24
Income tax payable increase
2
Long term debt increase
30
Accounts payable decrease
6
Inventories increase
18
Calculate Cash flow from operating activities using the indirect method.
Additional Information:
This question is basically belongs to the Finance as well as it discusses about calculating cash flow from operating activities using indirect method.
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