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COTB MC Qu. 15-64 (Static) Assume a company had net... Assume a company had net income of $60,000. It provided the following excerpts from its
COTB MC Qu. 15-64 (Static) Assume a company had net... Assume a company had net income of $60,000. It provided the following excerpts from its balance sheet: This Year Last Year $46,000 $57,000 $46,000 $53,000 Current assets: Accounts receivable Inventory Current liabilities: Accounts payable Income taxes payable $42,000 $14,000 $49,000 $14,000 If the company recorded a $5,000 loss on the sale of a noncurrent asset and its depreciation charges for the period were $21,000, then based solely on the information provided the net cash provided by operating activities would be
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