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Assuming Net Income for the year is $230,000, what is the net cash flows from operating activities given the following information: Increase in Salaries Payable
Assuming Net Income for the year is $230,000, what is the net cash flows from operating activities given the following information: Increase in Salaries Payable Depreciation Expense Increase in Prepaid Rent Loss on sale of asset Increase in Accounts Payable Increase in Inventory $18,500 $ 8,000 $26,500 $ 1,450 $27,500 $82,000 Multiple Choice $203,450 $176,950 O $337,050 o $211,450 $211,450
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