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Determine amount of cash provided for operating activities

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Reference no: EM13140652

Patterson Company reported net income for the current year of $ 666,000. During the year the company’s accounts receivable increased by $ 50,000, inventory decreased by $ 23,000, accounts payable decreased by $ 55,000, and accrued expenses payable increased by $ 14,000. Determine the amount of cash provided by or used for operating activities by the indirect method.

Reference no: EM13140652

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