Business, 06.05.2020 04:34 animelover730
Mayweather reports net income of $327,500 for the year ended December 31. It also reports $105,400 depreciation expense and a $11,350 loss on the sale of equipment. Its comparative balance sheet reveals a $45,600 increase in accounts receivable, a $11,550 decrease in prepaid expenses, a $17,450 increase in accounts payable, a $14,300 decrease in wages payable, a $84,900 increase in equipment, and a $113,500 decrease in notes payable. Calculate the net increase in cash for the year.
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Mayweather reports net income of $327,500 for the year ended December 31. It also reports $105,400 d...
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