Plexis Company reported net income of $148,000. For 2017, depreciation was $45,000, and the company reported a gain on sale of investments of $12,000. Accounts receivable increased $25,000 and accounts payable decreased $23,000.
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 $148,000. For 2017, depreciation was $45,000, and the company reported a gain on sale of investments of $12,000. Accounts receivable increased $25,000 and accounts payable decreased $23,000.
Instructions
Compute net cash provided by operating activities using the indirect method.

Plexis Company Reported Net Income of $148,000