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RM Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $270,000 Accounts payable increased $21,000 Prepaid rent
RM Company, a manufacturer, has provided the following information pertaining to its recent year of operation:
- Net income, $270,000
- Accounts payable increased $21,000
- Prepaid rent decreased $16,500
- Depreciation expense was $32,000
- Accounts receivable increased $31,000
- Gain on sale of a building was $17,500
- Wages payable decreased $18,000
- Unearned revenue increased $41,000
Using the indirect method, how much was RM's net cash provided by operating activities?
$314,000.
$281,000.
$226,000.
$331,500.
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