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Business, 27.12.2020 16:10 sierravick123owr441

Alvez reports net income of $322,500 for the year ended December 31. It also reports $102,800 depreciation expense and a $11,050 loss on the sale of equipment. Its comparative balance sheet reveals a $44,400 increase in accounts receivable, a $11,250 decrease in prepaid expenses, a $16,950 increase in accounts payable, a $13,900 decrease in wages payable, a $82,700 increase in equipment, and a $110,500 decrease in notes payable. Calculate the net increase in cash for the year.

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Alvez reports net income of $322,500 for the year ended December 31. It also reports $102,800 deprec...
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