Business
Business, 09.03.2021 03:10, Dmend4

reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,800, Accounts Payable decreased by $8,400, Long-term Notes Payable increased by $40,000, Depreciation Expense was $10,800, gain on the sale of a piece of equipment was $500 and Accounts Receivable increased by $6,900. If the indirect method is used to calculating the operating section on the Statement of Cash Flows, what is the net cash provided (used) by operating activities

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reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,800,...

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