Use the following information and the indirect method to calculate the net cash provided or...
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Accounting
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income 12,300 depreciation expense 12,000 payment on morgage payable 15,000 gains on sale of land 7,500 increase in merchendise inventory 2050 increase in accounts payable 6150 proceeds from sale of land 8,000 $12,700 $13,900 $20,900 $28,400 $35,900
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