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Net income was $51,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $37,000.
a. True
b. False
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Net income was $51,000 for the year. The accumulated depreciation balance increased by $14,000 over...
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