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Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4.000 and depreciation
Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4.000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is Select one: A. $48,000 O B. $77,000 C. $59,000. D. $55,000 0 E. None of the above. If a loss of $25,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one A. $65,000. B. $90,000 0 C. $115,000 0 D. $25,000 O E. None of the above
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