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Downsview Corp. reported net income for calendar 2023 of $375,000. Additional information follows: Depreciation on property, plant and equipment $187,500 Loss on impairment of accounts
Downsview Corp. reported net income for calendar 2023 of $375,000. Additional information follows: Depreciation on property, plant and equipment $187,500 Loss on impairment of accounts receivable 68,750 Purchase of equipment 31,250 Interest paid on long-term bonds 18,750 Loss on sale of equipment 106,250 Based on the above information, the cash provided by operating activities (indirect method) for calendar 2023 is Question 3 options: A) $706,250. B) $737,500. C) $756,250. D) $787,500
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