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Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, In
Other Operating Expenses Interest Expense Loss on Sale of Plant Assets Income Tax Expense Total Expenses and Losses Net Incom
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Answer #1

Net Cash Provided by (Used for) operating activities:-

Net Loss

($31000)

Loss on sale of Plant Asset

$5200

Depreciation Expense

$7300

Decrease in current assets

$5000

Increase in current liability

$2500

Net Cash (Used for) operating activities

($11000)

Option (a) is correct

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