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Strident Corporation

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Using the indirect method, determine the net cash provided by operating activities for the year.

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This solution is comprised of a detailed explanation to determine the net cash provided by operating activities for the year.

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For the year just completed. Strident Corporation, an office equipment wholesaler, had net income of $84,000. Balances
in the company's current asset and current liability accounts at the beginning and end of the year were as follows:

End of Year Beginning of Year Increase Activity
Current assets (Decrease)
Cash 60,000 80,000 -20,000 Operating
Accounts receivable 250,000 190,000 60,000 Operating
Inventory 437,000 360,000 77,000 Operating
Prepaid Expenses 12,000 14,000 -2,000 Operating
Current Liabilities
Accounts payable 420,000 390,000 30,000 Operating
Accrued ...

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