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Practice Activity: Statement g Cash Flows Directions Review the scenario below and then answer the following question. Shredder Co. had net income of $80,000 during
Practice Activity: Statement g Cash Flows Directions Review the scenario below and then answer the following question. Shredder Co. had net income of $80,000 during the current year. The dividend payment was $20,000. The following information is available. Mortgage repayment $30,000 Available-for-sale debt securities , $20,000 Increase purchased Bonds payable-issued $60,000 increase Inventory $50,000 increase Accounts Payable $40,000 decrease What amount should Shredder Co. report as net cash provided by operating activities in its Statement of Cash Flows for the current year? Please show your work
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