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94 A company uses the indirect method to determine its cash fiows from operating activities. Use the following information to determine its net cash provided
94
A company uses the indirect method to determine its cash fiows from operating activities. Use the following information to determine its net cash provided or used by operating activities. Net income $15,200 Depreciation expense $10,000 Cash payment on note payable. $8,000 Gain on sale of land. $3,000 increase in inventory., $1,500 increase in accounts payable.. $2,850 Multiple Choice $23.550 used by operating activities \$23.550 provided by operating activities Multiple Choice $23,550 used by operating activities $23,550 provided by operating activities $15,550 provided by operating activities $42,400 provided by operating activities Step by Step Solution
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