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75. The Farell Co. Ltd. had a net loss of $60,000 last year. The following data for last year are available: Dividends paid $40,000 Amortization
75. The Farell Co. Ltd. had a net loss of $60,000 last year. The following data for last year are available: Dividends paid $40,000 Amortization expense $30,000 Proceeds from issuing shares $100,000 Increase in accounts payable $15,000 Retirement of debt $50,000 What was the amount of net cash provided (or used) from operations last year? a) $85,000 b) $(30,000) c) $(15,000) d) $(5,000) e) $(70,000)
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