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Zephre Company reported net income for the year of $ 56,000. Depreciation expense for the year was $ 12,000. During the year, accounts receivable increased by $ 4,000, inventory decreased by $ 6,000, accounts payable increased by $ 3,000, and accrued expenses payable decreased by $ 2,000. Reconcile the amount of net income to the amount of cash provided by or used for operating activities.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M969212

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