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Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $91,000 Accounts receivable increased $8,000 Prepaid insurance
Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: |
Net income, $91,000 |
Accounts receivable increased $8,000 |
Prepaid insurance decreased $2,000 |
Depreciation expense was $10,500 |
Gain on sale of land, $1,000 |
Wages payable decreased $6,000 |
Unearned revenue increased $6,500 |
Using the indirect method, how much was Rice's net cash provided by operating activities?
$97,000
$107,000
$95,000
$87,000.
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