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For Larry's company this year's cash flow statement reports net operating cash flows $30,000; net investing cash flows ($50,000); and net financing cash flows $80,000.
For Larry's company this year's cash flow statement reports net operating cash flows $30,000; net investing cash flows ($50,000); and net financing cash flows $80,000. Last year's balance sheet reported cash was $40,000. What amount of cash will be reported in the current year's balance sheet? Multiple Choice $100,000 $60,000 $30,000 $80,000 Which of the following accounts is increased with a credit Multiple Choice Prepaid Rent O equipment Equipment Salary Expense Deferred Revenue Sharon's Tobacco had the following final balances at year-end: assets, $42,000; stockholders' equity, $26,000; dividends, $3,000; sales $133,000 and expenses $105,000. What is the amount of Sharon's liabilities? Multiple Choice $16,000 $105,000 $108,000 $3,000
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