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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $45,000 Depreciation Expense $9,000 Decrease in Accounts Payable
The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) | $45,000 |
Depreciation Expense | $9,000 |
Decrease in Accounts Payable | $2,500 |
Decrease in Inventory | $3,000 |
Increase in Bonds Payable | $10,000 |
Sale of Common Stock for cash | $30,000 |
Increase in Accounts Receivable | $4,500 |
Based on this information, the net cash provided by operating activities using the indirect method would be:
$55,000
$58,000
$50,000
$60,000
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