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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $58,000
Accounts payable increased by $18,600
Accounts receivable decreased by $25,600
Inventories increased by $6,200
Depreciation expense was $31,800
Net cash provided by operating activities was:_________.

Respuesta :

Answer:

Net cash provided by operating activities was $127,800.

Explanation:

Net cash provided by operating activities can be calculated as follows:

Net cash provided by operating activities = Net income for the year + Increase in accounts payable + Decrease in accounts receivable - Increase in inventories increased + Depreciation expense = $58,000 + $18,600 + $25,600 - $6,200 + $31,800 = $127,800

Therefore, net cash provided by operating activities was $127,800.

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