Net Cash Provided by Operating Activities [LO2] For the just completed year, Strident Company had net income

Question:

Net Cash Provided by Operating Activities [LO2]

For the just completed year, Strident Company had net income of $84,000. Balances in the company’s current asset and current liability accounts at the beginning and end of the year were as follows:

The Accumulated Depreciation account had total credits of $50,000 during the year.

Required:

Using the indirect method, determine the net cash provided by operating activities for the year.

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