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Paper Co. had net income of $70,000 during the year. The dividend payment was $10,000. The following information is available Mortgage repayment Available-for-sale securities purchased
Paper Co. had net income of $70,000 during the year. The dividend payment was $10,000. The following information is available Mortgage repayment Available-for-sale securities purchased 10,000 increase Bonds payable-issued Inventory Accounts payable $20,000 50,000 increase 40,000 increase 30,000 decrease What amount should Paper report as net cash provided by operating activities in its Statement of Cash Flows for the year
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