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None of the above. Question 31 4 pts Scarecrow Industries began 20X1 with accounts receivable, inventory and prepaid expenses totaling $600 and its total current
None of the above. Question 31 4 pts Scarecrow Industries began 20X1 with accounts receivable, inventory and prepaid expenses totaling $600 and its total current liabilities totaling $310. At the end of 20X1, these same current assets totaled $480, while its current liabilities totaled $220. Net income for the year was $120. Included in net income were a $90 gain on the sale of land and depreciation expense of $40. What amount should Scarecrow report for net cash provided by operating activities? O $40. $100. O $150. $190. O None of the above
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