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During 2018, Orton Company earned net income of $449,000 which included depreciation expense of $78,000. In addition, the company experienced the following changes in the
During 2018, Orton Company earned net income of $449,000 which included depreciation expense of $78,000. In addition, the company experienced the following changes in the account balances listed below: Increases Accounts payable $45,000 Inventory 36,000 Decreases Accounts receivable $30,000 Accrued liabilities 24,000 Prepaid insurance 33,000 Based upon this information, what amount will be shown for net cash provided by operating activities (indirect method) for 2018? Select one: O a. $575,000 O b. $377,000 O C. $602,000 O d. $595,000
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