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Jannette Corporation reports net income of $580,000 that includes depreciation expense of $75,000. Also, cash of $54,000 was borrowed on a 4-year note payable. Based
Jannette Corporation reports net income of $580,000 that includes depreciation expense of $75,000. Also, cash of $54,000 was borrowed on a 4-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $505,000. $634,000. $709,000. $655,000.
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