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Calculate the cash provided in operating activities

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Reference no: EM132877408

Problem 1: Alfredo Inc. reports net income of $239,000 for the year ended December 31. It also reports $91,600 depreciation expense and a $5,450 gain on the sale of equipment. Its comparative balance sheet reveals a $37,300 decrease in accounts receivable, a $16,650 increase in accounts payable, and a $13,100 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

Reference no: EM132877408

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