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Burton's Best Pastries operates a breakfast fast food bar. For the first quarter of 2019 Burton's reported net income of $120,000. Additional information from Burton's

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Burton's Best Pastries operates a breakfast fast food bar. For the first quarter of 2019 Burton's reported net income of $120,000. Additional information from Burton's general ledger revealed depreciation expense of $16.000, accounts receivable decreased by $15,000, Land increased by $30,000, and accounts payable decreased by $5,000. Based on this information, what is the cash flow from Operating activities? Multiple Choice $106,000. $130,000. $146,000. $126,000 Bravo Company prepared a Cash Flow Statement that included the following information. Cash from operating activities was $39,000, cash used for investing activities was ($59,000) and the net change in cash was $70,000. Based on this information what was cash from/used for financing activities? Multiple Choice 5120 Cougar Company, who sells college logo memorabilia, purchased $110,000 of supplies on account during 2020. On January 1, 2020, ABC had $44,000 in the supplies account and on December 31, 2020 a physical count of supplies revealed $38,000 still on hand. In the adjusting entry on December 31, 2020, what is the debit to supplies expense? Multiple Choice 5 6

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