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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $64,000 Depreciation Expense $18,500 Decrease in Accounts Payable
The data given below are from the accounting records of the Kuhn Corporation: |
Net Income (accrual basis) | $64,000 |
Depreciation Expense | $18,500 |
Decrease in Accounts Payable | $3,450 |
Decrease in Inventory | $3,950 |
Increase in Bonds Payable | $19,500 |
Sale of Common Stock for cash | $31,900 |
Increase in Accounts Receivable | $6,400 |
Based on this information, the net cash provided by operating activities using the indirect method would be: |
$83,500
$87,450
$76,600
$96,100
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