Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by $8,800, Accounts Payable decreased by $8,900, Depreciation Expense was $11,800, and Accounts Recelvable Increased by $8,300. If the Indirect method is used, what is the net cash provided by operating activities? Multiple Cholce $12.300 $67,300 $32.900 $50,700

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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MC Qu. 12-85 Harlow Industries reported net income of...
Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by
$8,800, Accounts Payable decreased by $8,900, Depreclation Expense was $11,800, and Accounts Recelvable
Increased by $8,30o. If the Indirect method is used, what is the net cash provided by operating activitles?
Multiple Choice
$12,300
$67,300
$32,900
$50.700
Transcribed Image Text:MC Qu. 12-85 Harlow Industries reported net income of... Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by $8,800, Accounts Payable decreased by $8,900, Depreclation Expense was $11,800, and Accounts Recelvable Increased by $8,30o. If the Indirect method is used, what is the net cash provided by operating activitles? Multiple Choice $12,300 $67,300 $32,900 $50.700
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