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Alvez Company reports net income of $305,000 for the year ended December 31.It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment.Its comparative balance sheet reveals a $40,200 increase in accounts receivable,a $10,200 decrease in prepaid expenses,a $15,200 increase in accounts payable,a $12,500 decrease in wages payable,and a $100,000 decrease in notes payable.Calculate the cash provided (used) in operating activities using the indirect method.
Differential Carriers
Components that hold the differential gearing in vehicles, allowing wheels to rotate at different speeds.
Heavy Truck Drive Axle Assembly
The component of a heavy truck responsible for transmitting power from the transmission to the wheels, enabling motion.
Gear Lube
A high-viscosity lubricant specifically designed for transmissions, differentials, and gearboxes to protect against wear, pitting, and corrosion.
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