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Question - ONE COMPANY use indirect method of reporting cash flows from operating activities in the statement of cash flow from operating activities in the statement of cash flows. Based on the following information, what is the cash provided or used by operating activities?
Net income 75000
Decrease in account receivable 10000
Increase in inventory 6000
Decrease accounts payable 4000
Increase income tax payable 2000
Depreciation 7500
A- 75000
B- 80500
C- 69000
D- 84500
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