Sheridan Company reported net income of $107000 for the year ended December 31, 2016. During...
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Sheridan Company reported net income of $107000 for the year ended December 31, 2016. During the year, inventories decreased by $15200, accounts payable decreased by $19900, depreciation expense was $17500 and a gain on disposal of equipment of $9500 was recorded. Net cash provided by operating activities in 2016 using the indirect method was $101800. $110300. $122200 $119800
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