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Calculate the net cash provided by operating activities

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Reference no: EM131762133

Using the selected data below, calculate the net cash provided by operating activities:

Net income $275,000
Increase in accounts receivable $17,000
Decrease in accounts payable   $14,000
Gain on the sale of equipment $9,500
Depreciation expense $22,000
Purchase of new delivery truck $45,000

Question 1 options:

$276,500

$256,500

$284,500

$211,500

 

Reference no: EM131762133

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