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Calculate net cash provided or used by operating activities

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Reference no: EM132793624

Question - 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.

Reference no: EM132793624

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