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In preparing a company's statement of cash flows using the indirect method, the following Information is available: Net income $ 70,000 Accounts payable increased by

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In preparing a company's statement of cash flows using the indirect method, the following Information is available: Net income $ 70,000 Accounts payable increased by 19,800 Accounts receivable decreased by 26,800 Inventories increased by 8,600 Depreciation expense 35,400 Net cash provided by operating activities was Multiple Choice $143,400

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