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The following information pertains to Montana ?Company: The following information pertains to Montana Company: Net income. . Depreciation expense .. . . . . .
The following information pertains to Montana ?Company:
The following information pertains to Montana Company: Net income. . Depreciation expense .. . . . . . . .. . . . . . . . .15,000 Acquisition of equipment $55,000 Increase in accounts payable....$7,000 3,000 Collection of long-term notes receivable.... 5,000 Proceeds from sale of land 36,000 2,000 Under the indirect method, net cash provided by operating activities would be O A. $100,000. O B. $99,000. O C. $85,000 O D. $101,000Step by Step Solution
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