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Explain the steps in details please TB MC Qu. 1-112 (Static) Orange Company has provided the following... Orange Company has provided the following information for
Explain the steps in details please
TB MC Qu. 1-112 (Static) Orange Company has provided the following... Orange Company has provided the following information for its most recent year of operation: Revenues earned were $58,200, of which $5,400 were uncollected at the end of the year. Operating expenses incurred were $23,400, of which $4,200 were unpaid at the end of the year. Dividends declared were $6,600, of which $1,800 were unpaid at the end of the year. Income tax expense is $10,440, all of which was paid during the current year. What is the amount of cash flow from operating activities reported on Orange's statement of cash flows Multiple Choice $18,960 $29,400 $25,560Step by Step Solution
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