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Consider the following. Calculate the net cash provided (or used) by operating activities using the indirect method. Net Income $12,300 Depreciation Expense 12,000 Gain on
Consider the following. Calculate the net cash provided (or used) by operating activities using the indirect method. Net Income $12,300 Depreciation Expense 12,000 Gain on Sale of Land 7,500 Increase in Inventory 2,050 Increase in Wages Payable 6,150 Payment of Dividends 2,000 Answer A. $18,900 B. $20,900 C. $12,700 D. $35,900
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