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Scranton,Inc

question 153

Multiple Choice

Scranton,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.


Definitions:

Health History

A record of an individual's past medical events, conditions, treatments, and family medical history, important for guiding healthcare decisions.

Casual Conversation

An informal exchange of ideas and information between two or more people, typically about non-controversial topics of mutual interest.

Social History

A record of an individual's lifestyle, relationships, and activities that can impact health and disease risk.

Income Level

Refers to the economic category that groups individuals or households based on their annual income, typically used to measure socio-economic status.

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