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Chino Company reported net income of $21,000 for the current year. During the year, Inventory decreased by $7,100, Accounts Payable decreased by $8,050, Depreciation Expense
Chino Company reported net income of $21,000 for the current year. During the year, Inventory decreased by $7,100, Accounts Payable decreased by $8,050, Depreciation Expense was $10,100, and Accounts Receivable increased by $6,600. If the indirect method is used, what is the net cash provided by operating activities? $10,600. $52,850. $39,650. $23,550.
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