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Swifty Company reported net income of $91000 for the year ended December 31, 2019. During the year, inventories decreased by $14700, accounts payable decreased by
Swifty Company reported net income of $91000 for the year ended December 31, 2019. During the year, inventories decreased by $14700, accounts payable decreased by $20400, depreciation expense was $17700 and a gain on disposal of equipment of $9300 was recorded. Net cash provided by operating activities in 2019 using the indirect method was
$93700.
$85400.
$105700.
$103000.
View Policies Current Attempt in Progress Swifty Company reported net income of $91000 for the year ended December 31, 2019. During the year, inventories decreased by $14700. accounts payable decreased by $20400, depreciation expense was $17700 and a gain on disposal of equipment of $9300 was recorded. Net cash provided by operating activities in 2019 using the indirect method was $93700. O $85400. O $105700 O $103000Step by Step Solution
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