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A corporation reported the following information for the past year: (adpq_100) Net Income $400,000 Depreciation Expense 60,000 Gain on sale of truck 10,000 Proceeds from
A corporation reported the following information for the past year: (adpq_100) Net Income $400,000 Depreciation Expense 60,000 Gain on sale of truck 10,000 Proceeds from sale of truck 16,000 Decrease in accounts receivable 20,000 Assuming these are the only facts, what amount will the corporation report as the net cash provided by operating activities on the cash flow statement? Select one: a. $450,000 b. $506,000 c. $470,000 d. Cannot be determined
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