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Questions Waterway Company reported net income of $101000 for the year ended December 31, 2019. During the year, inventories
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Answer #1

Solution:

Net cash provided by operating activities = Net income + Decrease in inventory - Decrease in accounts payable + Depreciation expense - Gain on disposal of equipment

= $101,000 + $15,100 - $20,200 + $18,300 - $8,800

= $105,400

Hence 2nd option is correct.

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