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Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total
Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $13,000 52,000 $ 9,000 53,000 67,000 69,000 132,000 131,000 76,000 73,000 208,000 204,000 28,000 26,000 67,000 73,000 95,000 99,000 $ 303,000 $ 303,000 The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. Which of the following is correct regarding the operating activities section of the statement of cash flows? Multiple Choice The change in Accounts Receivable will be subtracted from net income. The change in Inventory will be added to net income The change in Accounts Receivable will be added to net income. The change in Inventory will be subtracted from net income The change in Accounts Receivable will be added to net income. The change in Inventory will be added to net income The change in Accounts Receivable will be subtracted from net income; The change in Inventory will be subtracted from net income
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