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12. In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: Net income
12. In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: Net income for the year was Accounts payable decreased by Accounts receivable decreased by Inventories increased by Cash dividends paid were Depreciation expense was Gain on the sale of a fixed asset $52,000 $18,000 $25,000 $ 5,000 $14,000 $30,000 $2,000 Net cash provided by operating activities was: $7.089
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