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bluewiss bluewiss
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A year ago

The data given below are from the accounting records of the Kuhn Corporation:

Net Income (accrual basis)$ 45,000
Depreciation Expense$ 9,000
Decrease in Accounts Payable$ 2,500
Decrease in Inventory$ 3,000
Increase in Bonds Payable$ 10,000
Sale of Common Stock for cash$ 30,000
Increase in Accounts Receivable$ 4,500

Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:



▸ $55,000

▸ $58,000

▸ $50,000

▸ $60,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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k9kulpritk9kulprit
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