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What net cash provided by operating activities was

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Reference no: EM132588720

In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income $52,000.00

Accounts payable increased by $18,000.00

Accounts receivable decreased by $25,000.00

Inventories decreased by $5,000.00

Cash dividends paid $14,000.00

Depreciation expense $20,000.00

Question 1: Net cash provided by operating activities was:

Reference no: EM132588720

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