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Question: During 2018, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below:

Decreases		Increases
Accounts receivable	$6,000	Accounts payable	$22,500
Prepaid expenses	16,500	Inventory	18,000
Accrued liabilities	12,000

Based upon this information what amount will be shown for net cash provided by operating activities for 2018?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92716506

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