Use the indirect method to determine Anka Company's net cash provided or used for operating activities...

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Use the indirect method to determine Anka Company's net cash provided or used for operating activities using the below information: Net income Depreciation expense Cash payment on long-term note payable Gain on sale of equipment Increase in inventory Increase in accounts payable A. $23,550 provided by operating activities B. $23,550 used by operating activities C. $42,400 provided by operating activities D. $15,550 used by operating activities E. None of the above $15,200 10,000 8,000 3,000 1,500 2,850 Use the indirect method to determine Anka Company's net cash provided or used for operating activities using the below information: Net income Depreciation expense Cash payment on long-term note payable Gain on sale of equipment Increase in inventory Increase in accounts payable A. $23,550 provided by operating activities B. $23,550 used by operating activities C. $42,400 provided by operating activities D. $15,550 used by operating activities E. None of the above $15,200 10,000 8,000 3,000 1,500 2,850

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