Diamond Ltd. reported profit of $850,000 for the year ended November 30, 2024. Depreciation Expense for the
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Diamond Ltd. reported profit of $850,000 for the year ended November 30, 2024. Depreciation Expense for the year was $175,000, Accounts Receivable increased by $80,000, Prepaid Expenses decreased by $35,000, and Accounts Payable increased by $170,000. Calculate the net cash provided (used) by operating activities using the indirect method.
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Related Book For 
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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