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A company's income statement showed the following: net income, $135,000 and depreciation expense, $33,300. An examination of the company's current assets and current liabilities
A company's income statement showed the following: net income, $135,000 and depreciation expense, $33,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $10,500; merchandise inventory increased $20,200; and accounts payable increased $4,500. Calculate the net cash provided or used by operating activities. Multiple Choice $129,000. $173,500. $133,100. $163,100. $194,500.
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