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Use the following information and the indirect method to calculate the net cash provided or...

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Accounting

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income $ 86,500
Depreciation expense 13,200
Gain on sale of land 7,100
Increase in merchandise inventory 3,250
Increase in accounts payable 7,350

Multiple Choice

  • $30,800.

  • $15,100.

  • $16,100.

  • $96,700.

  • $37,900.

Answer & Explanation Solved by verified expert
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