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Homework answers / question archive / For crown company net income is $295000
For crown company net income is $295000. If account receivable increased $140000 and account payable decreased $40000, net cash provided by the operating activities using indirect method is:
Net Cash provided by operating activity= Net income- Increase in account receivable- Decrease in account payable
= 295000- 140000- 40000
= 115000
