A company uses the indirect method to determine its cash flows from operating activities. Use the following information to determine its net cash provided or used by operating activities:
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A company uses the indirect method to determine its cash flows from operating activities. Use the following information to determine its net cash provided or used by operating activities:
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Answer:
Net Income $15,200
Depreciation Expense 10,000
Cash Payment on Note Payable 8,000
Gain on Sale of Land 3,000
Increase in Inventory 1,500
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