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Net income of Lucky Company was $65,000. The accounting records reveal depreciation expense of $125,000 as well as increases in prepaid rent, salaries payable, and
Net income of Lucky Company was $65,000. The accounting records reveal depreciation expense of $125,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $93,500, $19,600, and $17,900, respectively. What is the net cash flow provided (used) by operating activities?
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