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In preparing a company's statement of cash flows using the indirect method, the following information is available:
Net income$67,000
Accounts payable increased by 19,500
Accounts receivable decreased by 26,500
Inventories increased by 8,000
Depreciation expense 34,500
Problem 1: Net cash provided by operating activities was:
Multiple Choice
Option 1: $139,500.Option 2: $70,500.Option 3: $86,500.Option 4: $102,500.Option 5: $155,500.
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