What was the amount of net cash provided

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Question - During 2015, Popeye Inc. had net income of $590,000. In addition, selected accounts showed the following changes:

Accounts Receivable $25,000 increase

Prepaid Expenses 18,000 decrease

Inventory 100,000 increase

Accounts Payable 120,000 increase

Buildings 20,000 decrease

Depreciation Expense 95,000 increase

Long-Term Bonds Payable 50,000 increase

In Popeye Inc.'s Statement of Cash Flows, what was the amount of net cash provided by (used in) operating activities for the year ended 12/31/15?

Reference no: EM132502840

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