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Report cash provided by operating activities

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Reference no: EM13154866

Smith Corporation reports the following information:

Net income $500,000

Depreciation expense 140,000

Increase in accounts receivable 60,000

Smith should report cash provided by operating activities of:

a. $300,000.

b. $420,000.

c. $580,000.

d. $700,000.

Reference no: EM13154866

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