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James Inc. had the following transactions in March: - James collected $13,000 from customers for last month sales. - James purchased equipment for $3,000. -

image text in transcribed James Inc. had the following transactions in March: - James collected $13,000 from customers for last month sales. - James purchased equipment for $3,000. - James paid rent of $1,500. - James borrowed $20,000 from the bank. - James recorded $4,000 of depreciation. What is James Inc.'s net cash flow from operating activities? (Hintsame as operating cash inflows less operating cash outflows.) A. $13,000 B. $18,500 C. $6,000 D. $11,500

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