Net income was $84,200; accounts receivable increased by $17,600; inventory decreased by $12,100; proceeds from the issuance
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Net income was $84,200; accounts receivable increased by $17,600; inventory decreased by $12,100; proceeds from the issuance of common stock were $22,500; accounts payable decreased by $7,400; purchase of land was $51,000; depreciation and amortization expense was $31,000.
Required:
Calculate the net cash provided (used) by operating activities for the period.
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Proceeds from the issuance of common stock and purchaseof land do not figure in the solution as the...View the full answer
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