The net income reported on the income statement of Swifty Corporation for the current year...
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The net income reported on the income statement of Swifty Corporation for the current year was $1034000. Depreciation recorded on plant assets was $195000. Accounts receivable and inventories increased by $55000 and $36000, respectively. Prepaid expenses and accounts payable decreased by $5000 and $50000, respectively. How much cash was provided by operating activities during the year? $1093000. $1050000. $1365000 $1141000
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