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Crane Company reported net income of $69000 for the year. During the year, accounts receivable increased by $5500, accounts payable decreased by $4500 and depreciation

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Crane Company reported net income of $69000 for the year. During the year, accounts receivable increased by $5500, accounts payable decreased by $4500 and depreciation expense of $7500 was recorded. Using the indirect method, net cash provided by operating activities for The year is $66500. $69000 $86500. $62500

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