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What is the net cash by operating activities

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Reference no: EM131588604

Question - S company reported net income for 2016 in the amount of $400,000. The company's financial statements also included the following:

Increase in accounts receivable

$80,000

Decrease in inventory

60,000

Increase in accounts payable

200,000

Depreciation expense

104,000

Gain on sale of land

148,000

Required - What is the net cash by operating activities under the indirect method?

a. $432,000

b. $536,000

c. $580,000

d. $832,000

Reference no: EM131588604

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