Gryphon Corporation reported net income of $75,000 for the year. During the year, accounts receivable...
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Accounting
Gryphon Corporation reported net income of $75,000 for the year. During the year, accounts receivable decreased by $6000, accounts payable increased by $3000, there were no gains or losses, and depreciation expense of $5000 was recorded. Using the indirect method, cash provided by operating activities for the year is:
a)$89,000
b)$71,000
c)$83,000
d)73,000
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