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Question - Adjusting Net Income for Noncash Expenses

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Question - Adjusting Net Income for Noncash Expenses

After adjusting net income for changes in current assets and current liabilities, Penguin Tuxedo's cash from operating activities is $41,700. However, Penguin reports $9,400 in depreciation expense for the year.

Compute cash from operating activities after considering the impact of depreciation.

Reference no: EM132560351

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