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A company's income statement showed the following: net income, $118,000; depreciation expense, $32,000; and gain on sale of plant assets, $6,000. The company's current assets
A company's income statement showed the following: net income, $118,000; depreciation expense, $32,000; and gain on sale of plant assets, $6,000. The company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,800; merchandise inventory increased $20,000; prepaid expenses increased $6,600; accounts payable increased $3,800. Calculate the net cash provided or used by operating activities. Multiple Choice $142,200. $131,000. $149,000. $170,200. $144,200
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