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Nonebetter, Inc. 2020 Selected Information Net income $85,000 Depreciation expense Purchase of treasury stock $12,500 Increase in Inventory Proceeds from sale of sales manager's vehicle

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Nonebetter, Inc. 2020 Selected Information Net income $85,000 Depreciation expense Purchase of treasury stock $12,500 Increase in Inventory Proceeds from sale of sales manager's vehicle $12,000 Gain on sale of sale of sales manager's vehicle Increase in Accounts Payable $1,200 Decrease in Prepaid Expenses Increase in Accounts Receivable $1,400 Bank borrowing proceeds $5,000 $2,500 $500 $200 $10,000 Nonebetter, Inc. prepares its statement of cash flows using the indirect method. In Nonebetter's statement of cash flows, what were the totals of the amounts that increased and decreased, respectively, net cash from operations? Select one: a. $91,400; $4,400 b. $86,400; $9,400 C. $98,400; $3,900 d. $93,900; $1,900 e. $23,400; 3,900 Which of the following statements is (are) true? a. The statement of cash flows is required if a company provides a set of statements that includes a balance sheet and statement of operations. b. If an equipment purchase is financed 100% through the manufacturer, the total cost should be reported in both the investing and financing sections of the cash flow statement. c. Payments of dividends and interest are classified as operating activities. Select one: b and c a and c a a and b

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