Question: Ray's Refinery uses the indirect method to determine net cash provided by operating activities. During 2017, Ray experienced a decrease in Accounts Receivable of $8,000,
Ray's Refinery uses the indirect method to determine net cash provided by operating activities. During 2017, Ray experienced a decrease in Accounts Receivable of $8,000, an increase in Accounts Payable of $5,000, an increase in Inventory of $4.000, Depreciation Expense of $10,000, and an increase in Equipment of $15,000. What should be reported as the net cash provided by operating activities if net income was reported at $100,000? $127.000 O $134.000 O $119.000 $104.000
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