Depreciation for the year was ($ 50,000) and net income was ($ 139,500). If the company used

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Depreciation for the year was \(\$ 50,000\) and net income was \(\$ 139,500\). If the company used cash for all transactions except those related to long-term assets, how much was net cash from operating activities?

a. \(\$ 139,500\)

b. \(\$ 189,500\)

c. \(\$ 89,500\)

d. Cannot be determined from the given information

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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