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BE 13.4 Patterson Company reported net income f...

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BE 13.4 Patterson Company reported net income for the current year of $ 666,000. During the year the company?s accounts receivable increased by $ 50,000, inventory decreased by $ 23,000, accounts payable decreased by $ 55,000, and accrued expenses payable increased by $ 14,000. Determine the amount of cash provided by or used for operating activities by the indirect method.

 

Paper#10770 | Written in 18-Jul-2015

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