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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 58,000 Accounts payable increased by 24,000 Accounts receivable decreased by 37,000 Inventories decreased by 11,000 Cash dividends paid 20,000 Depreciation expense 32,000 Net cash provided by operating activities was:

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In preparing the statement of cash flows, the net cash that was provided by the operating activities is given as $162000

How to solve for the net cash used in the operating activities

Net income = $58000

add increase in account payable = $24000

add decrease in account receivable = $37000

add decrease in inventory = $11000

add depreciation expenses = $32000

All of these values gives 58000 + 24000 + 37000 + 11000 + 32000

= $162,000

Therefore the net cash that is used in this operation is $162000.

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