The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 65,000 Depreciation Expense $ 19,000 Decrease in Accounts Payable $ 3,500 Decrease in Inventory $ 4,000 Increase in Bonds Payable $ 20,000 Sale of Common Stock for cash $ 32,000 Increase in Accounts Receivable $ 6,500 Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
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Home » Business » The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 65,000 Depreciation Expense $ 19,000 Decrease in Accounts Payable $ 3,500 Decrease in Inventory $ 4,000 Increase in Bonds Payable $ 20,000