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Lays Corporation reported net income of $1,500,000 in 2021. Amortization expense for the year was $120,000, inventory increased $250,000, and accounts payable increased $210,000. The company also had a loss on disposal of plant assets of $15,000. Compute net cash provided by operating activities using the indirect method

User Vrushank Doshi
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1 Answer

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21 votes

Answer:

had a loss on disposal of plant assets of $15,000

Explanation:

User Seamus Connor
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