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S Company reported net income for 2016 in the amount of $500,000. The company's financial statements also included the following: Increase in accounts receivable $
S Company reported net income for 2016 in the amount of $500,000. The company's financial statements also included the following: |
Increase in accounts receivable | $ 80,000 |
Decrease in inventory | 64,000 |
Increase in accounts payable | 220,000 |
Depreciation expense | 101,000 |
Gain on sale of land | 145,000 |
What is net cash provided by operating activities under the indirect method?
$660,000.
$1,110,000.
$618,000.
$820,000.
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