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Determine the net cash provided by operating activities

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Problem - The Corporation had net income for the year of $3,000,000. Additional information is as follows:

Depreciation of plant assets $1,200,000

Amortization of intangibles 240,000

Increase in accounts receivable 420,000

Increase in accounts payable 540,000

Gain on sale of equipment 100,000

Required - Determine the Net cash provided by operating activities?

Reference no: EM132958199

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