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Wellstone Company's net income for the year ended December 31, 20x1 was $480,000. Wellstone's financial statements also included the following: Increase in accounts receivable $
Wellstone Company's net income for the year ended December 31, 20x1 was $480,000. Wellstone's financial statements also included the following:
Increase in accounts receivable | $ | 81,000 | |
Decrease in inventory | 65,000 | ||
Increase in accounts payable | 290,000 | ||
Depreciation expense | 109,000 | ||
Gain on sale of land | 144,000 | ||
What amount should Wellstone report as net cash provided by operating activities on their statement of cash flows for the year ended December 31, 20x1 using the indirect method?
Multiple Choice
a)$1,169,000.
b) $881,000.
c) $663,000.
d) $719,000.
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