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Use the indirect method to calculate the net cash provided (or used) by operating activities based on the following information: Profit Depreciation expense Gain on
Use the indirect method to calculate the net cash provided (or used) by operating activities based on the following information: Profit Depreciation expense Gain on sale of land Decrease in inventory Increase in accounts payable Cash from land sale $60,000 7,200 14,000 3,500 5,500 9,2001 Multiple Choice $62,200 $14,000 $21,200 $14,700 $9,200
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