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Assume a company had net income of $54,000. It provided the following excerpts from its balance sheet: Current assets: Accounts receivable Inventory Current liabilities:
Assume a company had net income of $54,000. It provided the following excerpts from its balance sheet: Current assets: Accounts receivable Inventory Current liabilities: Accounts payable Income taxes payable This Year Last Year $ 41,000 $ 46,000 $ 57,000 $ 53,000 $ 42,000 $ 49,000 $ 14,000 $ 14,000 If the company recorded a $6,000 loss on the sale of a noncurrent asset and its depreciation charges for the period were $21,000, then based solely on the information provided, the net cash provided by operating activities would be: Multiple Choice
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