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Alfredo Incorporated reports net income of $256,000 for the year ended December 31. It also reports $99,000 depreciation expense and a $6,300 gain on
Alfredo Incorporated reports net income of $256,000 for the year ended December 31. It also reports $99,000 depreciation expense and a $6,300 gain on the sale of equipment. Its comparative balance sheet reveals a $40,700 decrease in accounts receivable, a $18,350 Increase in accounts payable, and a $14,250 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method. O $399,800 O $422,000. $393,500. $356,800. O $294,900.
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