Kresley Co. has provided the following 20x5 current account balances for the preparation of the...
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Accounting
Kresley Co. has provided the following 20x5 current account balances for the preparation of the annual Statement of Cash Flows: Accounts receivable Allowance for uncollectible accounts Prepaid rent expense Accounts payable January 1 December 31 $11,500 $14,500 400 500 6,200 4,100 9,700 11,200 Kresley's 20x5 net income is $75,000. Net cash provided by operating activities in the Statement of Cash Flows should be 575,700 $72,700 575,500 $74.300
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