Net income for the year was $112,000. dividends of $104,000 cash were declared and paid. the only noncash expense was $82,000 of depreciation. purchased plant assets for $82,000 cash. notes payable of $32,000 were issued for $32,000 cash. $82,000 increase in accounts receivable. $32,000 decrease in inventory. $22,000 decrease in accounts payable.
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Net income for the year was $112,000. dividends of $104,000 cash were declared and paid. the only no...
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