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Consider the following: • Net income, $380,000 • Depreciation Expense $44,000 • Increase in accounts receivable,...

Consider the following:

•

Net income, $380,000

•

Depreciation Expense $44,000

•

Increase in accounts receivable, $16,000

•

Decrease in merchandise inventory, $80,000

•

Decrease in accounts payable, $32,000

•

Increase in income taxes payable, $12,000


Using the Indirect Method, the Net Cash provided by Operating Activities was:

Select one:

A. $336,000

B. $468,000

C. $404,000

D. $424,000

Business   Accounting   
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