Alfredo Inc. reports net income of $238,000 for the year ended December 31. It also...
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Accounting
Alfredo Inc. reports net income of $238,000 for the year ended December 31. It also reports $91,200 depreciation expense and a $5,400 gain on the sale of equipment. Its comparative balance sheet reveals a $37,100 decrease in accounts receivable, a $16,550 increase in accounts payable, and a $13,050 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
Multiple Choice
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$364,400.
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$331,300.
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$369,800.
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$273,000.
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$390,500.
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