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Shredder Co. had net income of $80,000 during the current year. The dividend payment was $20,000. The following information is available. Mortgage repayment $30,000 Available-for-sale
Shredder Co. had net income of $80,000 during the current year. The dividend payment was $20,000. The following information is available.
Mortgage repayment | $30,000 |
Available-for-sale debt securities purchased | $20,000 increase |
Bonds payable-issued | $60,000 increase |
Inventory | $50,000 increase |
Accounts Payable | $40,000 decrease |
What amount should Shredder Co. report as net cash provided by operating activities in its Statement of Cash Flows for the current year?
Please show your work.
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