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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $58,000 Accounts payable increased by 24,000

In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $58,000 Accounts payable increased by 24,000 Accounts receivable decreased by 37,000 Inventories decreased by 11,000 Cash dividends paid 20,000 Depreciation expense 32,000 Net cash provided by operating activities wasimage text in transcribed

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