Calculate the indirect method and net cash


Hilton Company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash provided by operating activities for the year is?

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Accounting Basics: Calculate the indirect method and net cash
Reference No:- TGS0688703

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