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E13-5 The current sections of Nasreen Inc.’s balance sheets at December 31, 2013 and 2014,

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E13-5 The current sections of Nasreen Inc.’s balance sheets at December 31, 2013 and 2014, are… 1 answer below » E13-5 The current sections of Nasreen Inc.’s balance sheets at December 31, 2013 and 2014, are presented here. Nasreen’s net income for 2014 was $153,000. Depreciation expense was View complete question » 2014 2013 Current assets Cash $105,000 $  99,000 Accounts receivable 110,000 & E13-5 The current sections of Nasreen Inc.’s balance sheets at December 31, 2013 and 2014, are presented here. Nasreen’s net income for 2014 was $153,000. Depreciation expense was 2014 2013 Current assets Cash $105,000 $  99,000 Accounts receivable 110,000 79,000 Inventory 158,000 172,000 Prepaid expenses 27,000 25,000 Total current assets $400,000 $375,000 Current liabilities Accrued expenses payable $  15,000 $    9,000 Accounts payable 85,000 95,000 Total current liabilities $100,000 $104,000 $24,000. Instructions Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2014, using the indirect method. View less » Nov 30 2015 04:51 PM



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