Use the following information and the indirect method to calculate the net cash provided or used by
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Question:
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
| Net Income | $ 86,800 |
| depreciation expense | 13,500 |
| Profit on sale of land | 6,800 |
| Increase in merchandise inventory. | 3,550 |
| Increase in accounts payable | 7,650 |
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
