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GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $400,000 Accounts payable decreased $32,000 Prepaid assets
GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation:
Net income, $400,000
Accounts payable decreased $32,000
Prepaid assets increased $21,000
Depreciation expense was $43,000
Accounts receivable decreased $31,000
Loss on sale of a depreciable asset was $21,000
Wages payable increased $29,000
Unearned revenue decreased $21,000
Patent amortization expense was $15,000
Using the indirect method, how much was GJ's net cash provided by operating activities?
a. $465,000
b. $507,000
c. $335,000
d. $444,000
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