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Alfredo Inc. reports net income of $254,000 for the year ended December 31. It also reports $98,100 depreciation expense and a $6.200 gain on the
Alfredo Inc. reports net income of $254,000 for the year ended December 31. It also reports $98,100 depreciation expense and a $6.200 gain on the sale of equipment. Its comparative balance sheet reveals a $40.300 decrease in accounts receivable, a $18,150 increase in accounts payable, and a $14.100 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method. Multiple Choice $292.450 o o $418.450 $396,450. o o $390.250 o $353.950
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