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1. ABC Inc. reported $32,000 of cash provided by operating activities and the following data: Depreciation Expense $34,000 Increase in accounts payable $9,000 Increase in

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1. ABC Inc. reported $32,000 of cash provided by operating activities and the following data: Depreciation Expense $34,000 Increase in accounts payable $9,000 Increase in wages payable $18,000 Increase in accounts receivable $9,000 Decrease in dividends payable $2,000 Calculate the ABC company's profit or loss for the period

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