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Based on the information below, determine the Cash flows from Operating Activities for the fiscal year ended 12/31/21 for the Snapchat Inn. What is your
Based on the information below, determine the Cash flows from Operating Activities for the fiscal year ended 12/31/21 for the Snapchat Inn. What is your answer? The list of net changes in comparison to 2020 is shown below: Accounts Receivable increased by $25,000 Inventory decreased by $10,000 Prepaid expenses increased by $2,000 Accounts Payable increased by $10,000 Accrued Payroll decreased by $2,000 Income Taxes Payable decreased by $4,000 Dividends Payable decreased by $10,000 Net Income was $110,000 Depreciation was $85,000 Amortization expense was $55,000 There was a $10,000 gain on the sale of Longterm Marketable Securities There was a $5,000 loss on the the sale of Long- Term investments There was a $25,000 gain on the sale of Equipment $97,000. $207,000. $227,000. $250,000. $460,000
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