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DEF Inc. reported net income of $150,000 for the year ended December 31st, 2023. Duringtheyear,thecompany'saccountsreceivableincreasedby$14,000,andaccounts payableincreasedby$7,000.Calculate:a)Cashflowsfromoperatingactivitiesusingthe direct method. b) Cash flows from operating activities using

DEF Inc. reported net income of $150,000 for the year ended December 31st, 2023. During the year, the company's accounts receivable increased by $14,000, and accounts payable increased by $7,000. Calculate: a) Cash flows from operating activities using the direct method. b) Cash flows from operating activities using the indirect method. c) Net cash provided by operating activities.

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