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For the year ended December 31, 2016, the Statement of Cash Flows for Johnson Family Auto Supply shows the following information: Net Cash Used by
For the year ended December 31, 2016, the Statement of Cash Flows for Johnson Family Auto Supply shows the following information: Net Cash Used by Operating Activities, $73,000; Net Cash Provided by Investing Activities, $51,000; and Net Cash Provided by Financing Activities,$43,000. Cash has increased by $167,000.
True or False?
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