Use the following information from Albuquerque Company's financial statements to determine operating net cash flows (indirect method): Net income Change in accumulated depreciation (no sale of depreciable assets this year) Loss on sale of company truck $325,000 26,200 7,800

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information from Albuquerque Company's financial statements to determine
operating net cash flows (indirect method):
Net income
Change in accumulated depreciation (no sale of depreciable assets this year)
Loss on sale of company truck
$325,000
26,200
7,800
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Transcribed Image Text:Use the following information from Albuquerque Company's financial statements to determine operating net cash flows (indirect method): Net income Change in accumulated depreciation (no sale of depreciable assets this year) Loss on sale of company truck $325,000 26,200 7,800 HTML Editorp B IUA 工E喜 xx =E 田, ※ V G A V 回M1 12pt Paragraph
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