Microwalf Company had the following results during 2012: Cash collected from accounts receivable $56,000 Cash...
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Accounting
Microwalf Company had the following results during 2012:
Cash collected from accounts receivable $56,000 Cash paid to purchase office supplies $2,500 Cash collected from the issuance of common stock $50,000 Cash paid to purchase equipment with a 5 year life $80,000
How much is the company's net cash provided/(used by) operating activities prepared using the direct method?
$53,500
$103,500
$23,500
($26,500)
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