Business, 18.03.2021 01:30 robert7248
A company's income statement showed the following: net income, $131,000; depreciation expense, $38,500; and gain on sale of plant assets, $12,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,100; merchandise inventory increased $26,500; prepaid expenses increased $7,900; accounts payable increased $5,100. Calculate the net cash provided or used by operating activities. Multiple Choice $138,800. $152,600. $154,600. $180,600. $159,400.
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A company's income statement showed the following: net income, $131,000; depreciation expense, $38,5...
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