Assume net income was $200,000, depreciation expense was $10,000, accounts receivable increased by $15,000, and accounts payable

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Assume net income was $200,000, depreciation expense was $10,000, accounts receivable increased by $15,000, and accounts payable increased by $5,000. The amount of cash flows from operating activities is: $200,000.

a. b. $180,000.

c. $210,000.

d. $190,000.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 16, 2024 04:23 AM

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Assume net income was $200,000, depreciation expense was $10,000, accounts receivable increased by $15,000, and accounts payable

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Financial Accounting A Business Perspective

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