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Consider the following information ;Net income $20,000; Depreciation 3,000;Increase (decrease) in accounts receivable 1,000; Increase (decrease) in prepaid rent (400); Increase (decrease) in accrued Liabilities
Consider the following information ;Net income $20,000; Depreciation 3,000;Increase (decrease) in accounts receivable 1,000; Increase (decrease) in prepaid rent (400); Increase (decrease) in accrued Liabilities 900;Cash paid to purchase office equipment 4,000. The company should report a net cash inflow from operating activities of:
a. $18,500.
b. $17,500.
c. $21,500.
d. $23,300.
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