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In the Paper Corporation, cash receipts from customers were $56,000, cash payments for operating expenses were $12,000, and the company's $9,300 accounts payable were paid

In the Paper Corporation, cash receipts from customers were $56,000, cash payments for operating expenses were $12,000, and the company's $9,300 accounts payable were paid during the year. Net cash provided by operating activities is:

a.

$44,000

b.

$34,700

c.

$56,000

d.

$2,700

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