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What is majorn net cash provided by operating activities

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Question - Majorn Auto Parts Store had net income of $97,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable $134,000

Decrease in inventory $34,000

Decrease in accounts payable $51,000

Increase in retained earnings $45,000

Cash received from sale of building $231,000

Gain on sale of building $63,000

Depreciation expense $48,000

Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in) operating activities?

Reference no: EM131986313

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