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In preparing a company's statement of cash flows for the most recent year using the indirect method, the folowing information is available Net income for
In preparing a company's statement of cash flows for the most recent year using the indirect method, the folowing information is available Net income for the year was Accounts payable increased by $52,000 18,000 Accounts receivable decreased by 25,000 Inventories increased by 5,000 Depreciation expense was 30,000 Net cash provided by operating activities was O $120,000 O $60.000 O $70.000 O $80,000 O $130,000
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