Brief Exercise 11-7 Calculate operating activitiesâindirect method (LO11-3) Engineering Wonders reports net income of $70 million. Included in that number is building depreciation expense of $6 million and a gain on the sale of land of $2 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $3 million, $4 million, and $5 million, respectively. What are Engineering Wondersâ net cash flows from operating activities?
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Brief Exercise 11-7 Calculate operating activitiesâindirect method (LO11-3) Engineering Wonders repo...
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