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Assume a company reported net income of $53,000, loss on the sale of equipment of $10,000, and gain on sale of investments of $21,000.
Assume a company reported net income of $53,000, loss on the sale of equipment of $10,000, and gain on sale of investments of $21,000. If there were no other adjustments to reconcile net income to cash from operating activities, the cash inflow from operating activities must have been $42,000. $63,000. $84,000. $32,000.
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College Accounting Chapters 1-15
Authors: James Heintz
21st Edition
1285624815, 9781285624815
