Business, 27.07.2021 16:40 f1a4n6ny

Alfredo Inc. reports net income of $230,000 for the year ended December 31. It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method. A) $376,450.
B) $351,450.
C) $356,450.
D) $319,950.
E) $263,750.

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Alfredo Inc. reports net income of $230,000 for the year ended December 31. It also reports $87,700...

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