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Question - Ocean Pines Company had net income $475,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $80,000, and an increase or (decrease) in inventory of $35,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to calculate the dollar value of cash provided or (used) by operating activities. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents).
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