Calculate the net cash provided by operating activities

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Reference no: EM133900780

Problem

SC Corporation's net income for the year ended September 30, 2023 was $111,000. Get the instant assignment help. Additional data for the year is provided below.

Loss on retirement of debt	$18,300
Purchase of property, plant & equipment	$280,000
Depreciation of property, plant & equipment	$18,500
Dividends declared	$54,000
Decrease in accounts receivable	$21,000
Loss on sale of property	$20,000
Issue of common shares	$11,600

Calculate the net cash provided (used) by operating activities using the indirect method.

Reference no: EM133900780

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