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Mary's Music Store reported net income of $138,000. Beginning balances in Accounts Receivable and Accounts Payable were $27,500 and $20,500, respectively. Ending balances in these
Mary's Music Store reported net income of $138,000. Beginning balances in Accounts Receivable and Accounts Payable were $27,500 and $20,500, respectively. Ending balances in these accounts were $33,500 and $15,200, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be: Multiple Choice $149,300. O O $138,700. O $137,300. $126,700
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