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Compute cash from operating activities under indirect method

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Reference no: EM132724340

Problem - Simon's Used Furniture earned net income of $50,000 during the year. All revenues and expenses were for cash except the following:

a. Depreciation of $1,000.

b. Gain on the sale of a delivery truck, $3,000.

Compute cash from operating activities under the indirect method.

Reference no: EM132724340

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