Fisher Corporation
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Fisher Corporation had net income for 2008 of $3,000,000. Additional information is as follows:
Depreciation of plant assets $1,200,000
Amortization of intangibles 240,000
Increase in accounts receivable 420,000
Increase in accounts payable 540,000
Fisher's net cash provided by operating activities for 2008 was
A) $4,560,000.
B) $4,440,000.
C) $4,320,000.
D) $1,680,000.
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This solution is comprised of a detailed explanation to calculate Fisher's net cash provided by operating activities for 2008.
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Cash flow - operating activities
Fisher Corporation had net income for 2008 of $3,000,000. Additional information is as follows: ...
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