Consider the following: Net income $95,000 Depreciation Expense $11,000 Increase in accounts receivable $4,000 Decrease...
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Accounting
Consider the following:
Net income $95,000
Depreciation Expense $11,000
Increase in accounts receivable $4,000
Decrease in merchandise inentory $20,000
Decrease in account payable $8,000
Increase in income taxes payable $3,000
Using the indirect method, the Net Cash provided by Operating Activities was:
A. $90,000
B. $106,000
C. $101,000
D. $117,000
(Can you explain to me HOW to solve this problem? Thank you)
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