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Compute net cash provided by operating activities for year

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Question - XYZ Company reported net income of $200,000 for the year. During the year, accounts receivable decreased by $10,000, inventory increased by $8,000, accounts payable increased by $6,000, depreciation expense of $10,000 was recorded, and land was purchased for $150,000 in cash.

Net cash provided by operating activities for the year is

a. $218,000.

b. $68,000.

c. $214,000.

d. $202,000.

Reference no: EM132181043

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