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Business, 27.04.2021 14:50 andybiersack154

Alvez reports net income of $332,500 for the year ended December 31. It also reports $108,000 depreciation expense and a $11,650 loss on the sale of equipment. Its comparative balance sheet reveals an $46,800 increase in accounts receivable, a $11,850 decrease in prepaid expenses, a $17,950 increase in accounts payable, a $14,700 decrease in wages payable, a $87,100 increase in equipment, and a $116,500 decrease in notes payable. Calculate the net increase in cash for the year.

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Alvez reports net income of $332,500 for the year ended December 31. It also reports $108,000 deprec...

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