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Boston Bakers Co.gathered the following data to prepare its 2020 statement of cash flows: Profit $40,000 5,000 Depreciation expense Trade receivables decrease Wages payable increase
Boston Bakers Co.gathered the following data to prepare its 2020 statement of cash flows: Profit $40,000 5,000 Depreciation expense Trade receivables decrease Wages payable increase Amortization of patent Income tax payable decrease 3,000 4,000 1,000 2,000 Based only on the above data, the net cash inflow from operating activities during 20X7 was which of the following? O $51,000. $53,000 O $45,000 $43,000
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