Question: 94 A company uses the indirect method to determine its cash fiows from operating activities. Use the following information to determine its net cash provided

from operating activities. Use the following information to determine its net cash

A company uses the indirect method to determine its cash fiows from operating activities. Use the following information to determine its net cash provided or used by operating activities. 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 increase in accounts payable.. $2,850 Multiple Choice $23.550 used by operating activities \$23.550 provided by operating activities Multiple Choice $23,550 used by operating activities $23,550 provided by operating activities $15,550 provided by operating activities $42,400 provided by operating activities

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