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Business, 19.03.2021 03:00 manlycool9962

Alfredo Inc. reports net income of $248,000 for the year ended December 31. It also reports $95,500 depreciation expense and a $5,900 gain on the sale of equipment. Its comparative balance sheet reveals a $39,100 decrease in accounts receivable, a $17,550 increase in accounts payable, and a $13,700 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

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Alfredo Inc. reports net income of $248,000 for the year ended December 31. It also reports $95,500...
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