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Playdough Products earned net income of $700,000 in 2016. The firm increased its accounts receivable during the year by $50,000. The firm also increased its
Playdough Products earned net income of $700,000 in 2016. The firm increased its accounts receivable during the year by $50,000. The firm also increased its accounts payables during the year by $50,000. The book value of its assets declined by the year's depreciation charge, which was $100,000, and the market value of its assets increased by $30,000. Based only on this information, how much cash did Playdough Products generate during the year? Please ignore taxes for this problem.
A. $800,000
B. $450,000
C. $750,000
D.$700,000
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