Use the following information to determine the net cash provided or used by operating activities under the
Question:
Use the following information to determine the net cash provided or used by operating activities under the indirect method.
a. $23,550 used by operating activities
b. $23,550 provided by operating activities
c. $15,550 provided by operating activities
d. $42,400 provided by operating activities
e. $20,850 provided by operating activities
Transcribed Image Text:
Net income... Depreciation expense Cash payment on notes payable.. Gain on sale of land.... Increase in inventory. Increase in accounts payable..... $15.200 10,000 8,000 3,000 1,500 2,850
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