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23-04-2024
Business

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The following information is from the balance sheet and income statement of Duchesne Company.
Increase in accounts receivable $300
Decrease in income taxes payable 170
Depreciation 1,000
Net income 250
Gain on sale of equipment 440
Loss on sale of building 210
Using the information, compute cash flow from OPERATING activities. Note: With the limited information given, only the indirect method can be used.

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