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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 $ 87,000 Depreciation expense
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
| Net income | $ | 87,000 |
| Depreciation expense | 13,700 | |
| Gain on sale of land | 6,600 | |
| Increase in merchandise inventory | 3,750 | |
| Increase in accounts payable | 7,850 | |
Multiple Choice
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$31,800.
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$16,350.
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$38,400.
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$98,200.
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$17,350.
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Auditor Independence Auditing Corporate Governance And Market Confidence
Authors: Ismail Adelopo
1st Edition
1409434702, 978-1409434702
