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Determine the dollar value of cash provided

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Question - Ocean Pines Company had net income $450,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $10,000, and an increase or (decrease) in inventory of $25,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities.

Reference no: EM133127317

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