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a company reported revenues of $200,000 and operating expenses of $110,000 in its first year of operations.Accounts receivable and accounts payable at year-end were $71,000
a company reported revenues of $200,000 and operating expenses of $110,000 in its first year of operations.Accounts receivable and accounts payable at year-end were $71,000 and $29,000, respectively.Assume that the accounts payable related to operating activities.Ignore income taxes.Using the direct method, compute net cash provided by operating activities.
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