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In its first year of operation (2020) Arrow Brewing reported net income of $217,000. Total sales for 2020 were $693,000 (all on account), the accounts
In its first year of operation (2020) Arrow Brewing reported net income of $217,000. Total sales for 2020 were $693,000 (all on account), the accounts receivable balance at the end of 2020 was $53,000. Arrow Brewing depreciated $89,000 in equipment during its first year. What is the net cash provided by operating activities based on the data above? $164,000 $334,000 $75,000 $253,000 $217,000
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