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Alfredo Incorporated reports net income of $259,000 for the year ended December 31. It also reports $100,300 depreciation expense and a $6,450 gain on the
Alfredo Incorporated reports net income of $259,000 for the year ended December 31. It also reports $100,300 depreciation expense and a $6,450 gain on the sale of equipment. Its comparative balance sheereveals a $41,300 decrease in accounts receivable, a $18,650 increase in accounts payable, and a $14,450 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method. Multiple Choice $404,800. $398,350. $427,250
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