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Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 86,700 Depreciation expense
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
| Net income | $ | 86,700 |
| Depreciation expense | 13,400 | |
| Gain on sale of land | 6,900 | |
| Increase in merchandise inventory | 3,450 | |
| Increase in accounts payable | 7,550 | |
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Operational Auditing For Management Control
Authors: Edward F Norbeck
1st Edition
0814451853, 978-0814451854
