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9 The net income reported on the income statement for the current year was $79,000. Depreciation was $6,000. Account receivable and inventories decreased by $1,100
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The net income reported on the income statement for the current year was $79,000. Depreciation was $6,000. Account receivable and inventories decreased by $1,100 and $2,700, respectively. Prepaid expenses and accounts payable increased, respectively, by $950 and $3,000. How much cash was provided by operating activities? $83,250 O$85,150 o$90,850 $86,750Step by Step Solution
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