(Solution) - Stewart Construction Corporation had a net income of 16 500 during -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Stewart Construction Corporation had a net income of $16,500 during 2014.
In that year, the company had depreciation expense of $7,000. Accounts Receivable increased by $5,500, and Accounts Payable increased by $2,500. Those were the company's only current assets and current liabilities. Use the indirect method to determine net cash flows from operating activities.