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Question - The following information is available from the current period financial statements:
Net income $129,033
Depreciation expense 26,619
Increase in accounts receivable 16,875
Decrease in accounts payable (26,515)
Required - What the net cash flows from operating activities using the indirect method?
a. $199,042
b. $59,024
c. $129,033
d. $112,262
On January 6, Richard sold inventory to Lhee, P300,000. FOB Shipping point, Freight Collect. How much should Lhee pays if she avail the discount?
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