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Scranton, Inc. reports net income of $236,000 for the year ended December 31. It also reports $90,300 depreciation expense and a $5,300 gain on the
Scranton, Inc. reports net income of $236,000 for the year ended December 31. It also reports $90,300 depreciation expense and a $5,300 gain on the sale of equipment. Its comparative balance sheet reveals a $36,700 decrease in accounts receivable, a $16,350 increase in accounts payable, and a $12,900 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
weges poyebie. Caiculste the ceah provided lused) in operating sctvit ea using the ind rect method. Mulaiol Cheise 5270,590 $356,490 5356.950 5328,450 535:,50Step by Step Solution
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