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E13-11 Dumezweni Company

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Dumezweni Company completed its first year of operations on December 31, 2014.
Its initial income statement showed that Dumezweni had revenues of $195,000 and operating
expenses of $78,000. Accounts receivable and accounts payable at year-end were $60,000
and $25,000, respectively. Assume that accounts payable related to operating expenses.
(Ignore income taxes.)

Compute net cash provided by operating activities using the direct method.

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