Broussard Company reported net income of $3.5 millionin 2017. Depreciation for the year was $520,000, accountsreceivable increased $500,000, and accounts payableincreased $300,000. Compute net cash flow from operatingactivities using the indirect method.
Broussard Company reported net income of $3.5 million
in 2017. Depreciation for the year was $520,000, accounts
receivable increased $500,000, and accounts payable
increased $300,000. Compute net cash flow from operating
activities using the indirect method.
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