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Calculate net cash provided or used by operating activities

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Problem 1: A company's income statement showed the following: net income, $124,000 and depreciation expense, $30,000; and loss on sale of plant assets, $4,000 . An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; and accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

a. $118,600

b. $159,200

c. $146,600

d. $148,600

e. $178,600

Reference no: EM132773945

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