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Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available: Net income 30,000 Depreciation expense 18,000 Inventory
Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available:
Net income 30,000
Depreciation expense 18,000
Inventory decrease 5,000
Wages payable decrease 10,000
Accounts receivable decrease 10,000
Accounts payable decrease 7,000
Net cash provided by operating activities $36,000 Is this correct?
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