Plexis Company reported net income of $148000. For 2016 depreciation was $45000 and the company reported a gain on sale of investments of $12000. Accounts receivable increased $25000 and accounts payable decreased $23000.
Instructions
Compute net cash provided by operating activities using the indirect method.

Question

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The Answer of Plexis Company reported net income of $148000. For 2016 depreciation was $45000 and the company reported a gain on sale of investments of $12000. Accounts receivable increased $25000 and accounts payable decreased $23000.
Instructions
Compute net cash provided by operating activities using the indirect method.

Plexis Company Reported Net Income of $148000