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Operating activities using the indirect method

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Reference no: EM131772551

Scranton, Inc. reports net income of $250,000 for the year ended December 31. It also reports $96,400 depreciation expense and a $6,000 gain on the sale of equipment. Its comparative balance sheet reveals a $39,500 decrease in accounts receivable, a $17,750 increase in accounts payable, and a $13,850 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

Reference no: EM131772551

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