Multiple Choice
Harlow Industries reported net income of $56,000 for the current year.During the year,Inventory decreased by $19,600,Accounts Payable decreased by $22,400,Depreciation Expense was $28,000,and Accounts Receivable increased by $18,200.If the indirect method is used,what is the net cash provided by operating activities?
A) $29,400
B) $63,000
C) $107,800
D) $144,200
Correct Answer:
Verified
Correct Answer:
Verified
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