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Determine the net cash provided by operating activities

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Reference no: EM133087946

Question - The following data are available for Allen Clapp Corporation:

Net income $200,000

Depreciation expense 40,000

Dividends paid 60,000

Gain on disposal of land 10,000

Decrease in accounts receivable 20,000

Decrease in accounts payable 30,000

Determine the net cash provided by operating activities under the indirect method?

Reference no: EM133087946

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