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QUESTION 8 Use the information below to answer the question: Net Income $80,000 Depreciation $13,000 Decrease in Accounts Payable $1,800 Decrease in Inventory $2,500 Increase
QUESTION 8 Use the information below to answer the question: Net Income $80,000 Depreciation $13,000 Decrease in Accounts Payable $1,800 Decrease in Inventory $2,500 Increase in Mortgage Payable $33,000 Increase in Common Stock $28,000 Increase in Accounts Receivable $5,000 What is the cash provided by operating activities? O $85,500 O $120,000 0 $83,700 O $88,700
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