A company's income statement showed the following: net income, $147,000 and depreciation expense, $36,900. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,700; merchandise inventory increased $22,600; and accounts payable increased $5700. Calculate the net cash provided or used by operating activities.
A. $178,700.
B. $141,000.
C. $212,500.
D. $189,100.
E. $143,900.
Answer: A
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Answer the following statement true (T) or false (F)
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