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Changes in various accounts and gains and losses on the sale of assets during the year for Argon Company are given below: Item Amount Accounts receivable $ 90,000 decrease Inventory $ 120,000 increase Prepaid expenses $ 3,000 decrease Accounts payable $ 65,000 decrease Accrued liabilities $ 8,000 increase Income taxes payable $ 12,000 increase Sale of equipment $ 7,000 gain Sale of long-term investments $ 10,000 loss Required: For each item, indicate whether the dollar amount should be added to or deducted from net income under the indirect method when computing the net cash provided by operating activities for the year.
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Iam trying to get more members on my blog. how do i do that?
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Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.
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