Mokena, Inc. reported net income of $2.0 million in 2014. Depreciation for the year was $160,000, accounts receivable increased $350,000, and accounts payable increased $280,000
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Mokena, Inc. reported net income of $2.0 million in 2014. Depreciation for the year was $160,000, accounts receivable increased $350,000, and accounts payable increased $280,000
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If I had to guess, it looks like the start of a Statement of Cash Flows - Indirect Method problem.
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