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Multiple Choice Question 75 Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year
Multiple Choice Question 75 Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year were as follows: Increase (Decrease) Accounts receivable ($5,000) Inventory 3,000 Property, plant and 15,000 equipment Accumulated depreciation Accounts payable 6,000 Accrued liabilities (2,000) 3,000 Based on the above information, what is the amount of net cash provided by operations? $14,000 $30,000 $1,000 $19,000
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