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On December 31, 2012, Lodger Company's ledger had the following information in its cash accountThe transactions that are represented in Lodger's cash account are as
On December 31, 2012, Lodger Company's ledger had the following information in its cash accountThe transactions that are represented in Lodger's cash account are as follows:- Payments for inventory- Collections on accounts receivables- Payments for wages and salaries- Proceeds from sale of equipment- Payment of dividends to stockholders- Payments for taxesUsing the information above, compute the amount of cash provided by (used in) operating activitiesa. $2,000b. $7,250c. ($2,000)d. ($3,000)
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