Business
Business, 31.05.2020 01:00, verdolaga2017me

Scranton, Inc. reports net income of $232,000 for the year ended December 31. It also reports $88,600 depreciation expense and a $5,100 gain on the sale of equipment. Its comparative balance sheet reveals a $35,900 decrease in accounts receivable, a $15,950 increase in accounts payable, and a $12,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

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Scranton, Inc. reports net income of $232,000 for the year ended December 31. It also reports $88,60...

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