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The Raymonds Corporation reported $11,000 of net income for the current year and also uses the indirect method for completing the statement of cash
The Raymonds Corporation reported $11,000 of net income for the current year and also uses the indirect method for completing the statement of cash flows. The following additional information relates to Raymonds for the year. Decrease in inventory Loss on disposal of equipment Proceeds from disposal of equipment Depreciation expense Acquisition of treasury stock Increase in accounts payable Acquisition of new securities 1,400 1,200 Decrease in deferred income tax liability Early retirement of bonds payable at book value Increase in interest receivable What is Raymond's net cash provided by operating activities? A) $11,540 B) $13,230 C) $12,580 D) $13,260 210 1,000 30 00 O
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