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ABC Corp. reported net income for the year of $350,000. What is the net cash flows from operating activities given the following information: Increase in
ABC Corp. reported net income for the year of $350,000. What is the net cash flows from operating activities given the following information:
Increase in Salaries Payable $ 20,000
Depreciation Expense $ 30,000
Increase in Prepaid Rent $ 25,000
Loss on sale of asset $ 5,000
Decrease in Accounts Payable $ 25,000
Decrease in Inventory $ 50,000
a. $395,000 b. $435,000 c. $295,000 d. $305,000 e. $405,000
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