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Landis Company reported net income of $6,000 for the year ended December 31, 2026. During the year, accounts receivable decreased $2,000, merchandise inventory increased $10,000,
Landis Company reported net income of $6,000 for the year ended December 31, 2026. During the year, accounts receivable decreased $2,000, merchandise inventory increased $10,000, accounts payable increased by $20,000, and depreciation expense of $10,000 was recorded. During 2026, operating activities O Used net cash of $28,000 Provided net cash of $18,000 O Used net cash of $2,000 O Provided net cash of $28,000 W
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