Business, 15.06.2020 22:57 siasleonard4087
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income $86,600
Depreciation expense 13,300
Gain on sale of land 7,000
Increase in merchandise inventory 3,350
Increase in accounts payable 7,450
Proceeds from sale of land $8,700
a. -$31,200.
b. -$15,600.
c. $16,600.
d. $38,100.
e. $24,300.
Answers: 2
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Use the following information and the indirect method to calculate the net cash provided or used by...
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