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Plexis Company reported net income of $148,000. For 2017, depreciation was $45,000, and the company reported a gain on sale of investments of $12,000. Accounts receivable increased $25,000 and accounts payable decreased $23,000.
Instructions
Compute net cash provided by operating activities using the indirect method.
Hallucinogens
Psychoactive substances that can cause altered perceptions, thoughts, and feelings.
Hallucinogen
A class of psychoactive substances that cause perceptual anomalies, sometimes including hallucinations, alterations in thought processes, and variations in consciousness.
LSD
Lysergic acid diethylamide, a powerful hallucinogenic drug that alters perception, moods, and various cognitive processes.
Hashish
A concentrated resin cake or ball produced from the pressed kief of the cannabis plant, known for its psychoactive effects.
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