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The following information pertains to Oregon Company: Net income . . .. . . . . . . . . .. . . . .
The following information pertains to Oregon Company: Net income . . .. . . . . . . . . .. . . . . . . . .$ 55,000 Increase in accounts payable . . .$ 10,000 9,000 Acquisition of equipment Payment of dividends 28,000 7,000 8,000 33,000 3,000 5,000 Payment of long-term debt Collection of long-term notes receivable Loss on sale of land. Under the indirect method, net cash provided by operating activities would be
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