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What is the net cash provided by operating activities

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Reference no: EM132869252

The Lovely Company reported its 2018 net income in the amount of $400,000. Thecompany'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

Problem 1: What is the net cash provided by operating activities under the indirect method?

A) $832,000
B) $536,000
C) $432,000
D) $580,000

Reference no: EM132869252

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