A company's income statement showed the following net income, $115,000; depreciation expense, $30,500; and gain...
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Accounting
A company's income statement showed the following net income, $115,000; depreciation expense, $30,500; and gain on sale of plant assets, $4,500. The company's current assets and current liabilities showed the following changes: accounts recelvable decreased \$9, 500: merchandise inventory increased $18,500; prepaid expenses increased $6,300; accounts poyable increased $3,500. Calculate the net cash provided or used by operating activities. Muliple Choice 5146,600 5141,800 $167800 $129200 $139,800
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