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A company's net income for the current year was $528000. Depreciation was $68000. Accounts receivable and inventories decreased by $22000 and $35000, respectively. Prepaid expenses
A company's net income for the current year was $528000. Depreciation was $68000. Accounts receivable and inventories decreased by $22000 and $35000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $18000. Equipment was sold at a gain of $8700 How much cash was provided by operating activities? $633000$589000$523000$660300
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