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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 52,000 Accounts payable increased by
In preparing a company's statement of cash flows using the indirect method, the following information is available:
Net income | $ | 52,000 | |
Accounts payable increased by | 15,000 | ||
Accounts receivable decreased by | 25,000 | ||
Inventories decreased by | 5,000 | ||
Cash dividends paid | 14,000 | ||
Depreciation expense | 30,000 |
Accumulated Depreciation 5,000
Calculate the net cash provided by operating activities
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