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Liabilities and stockholders' equity: Current liabilities : -Accounts payable $ 13, 000 $ 9,000 Accrued liabilities 52, 000 53,060 Income taxes payable 67 , 000

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"Liabilities and stockholders' equity: Current liabilities : -Accounts payable $ 13, 000 $ 9,000 Accrued liabilities 52, 000 53,060 Income taxes payable 67 , 000 69, 000 Total current liabilities 132, 090 131, 000 Bonds payable 76, 000 73, 060 Total liabilities 208, 060 204, 000 Stockholders' equity: Common stock 28, 000 26,000 Retained earnings 67, 090 73, 000 Total stockholders' equity 95,000 99, 606 Total liabilities and stockholders equity $ 303, 000 $ 303,000 The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. Which of the following is correct regarding the operating activities section of the statement of cash flows? Multiple Choice The change In Accounts Payable will be added to net Income; The change In Accrued Liabilities will be subtracted from net Income O The change In Accounts Payable will be subtracted from net Income, The change In Accrued Liabilities will be added to net Income O The change In Accounts Payable will be subtracted from net Income, The change In Accrued Liabilities will be subtracted from net Income O The change In Accounts Payable will be added to net Income; The change In Accrued Liabilities will be added to net Income

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