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What is net cash provided by operating activities

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Reference no: EM133177911

Question - S Company reported net income for 2021 in the amount of $480,000. The company's financial statements also included the following:

Increase in accounts receivable $78,000

Decrease in inventory 63,000

Increase in accounts payable 290,000

Depreciation expense 110,000

Gain on sale of land 141,000

Required - What is net cash provided by operating activities under the Indirect method?

Reference no: EM133177911

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