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Please show me how to calculate income from operations. Thank you! Rice Company, a retailer, has provided the following information pertaining to its recent year
Please show me how to calculate income from operations. Thank you!
Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $100,000; Accounts receivable increased $9,000; Prepaid insurance decreased $3,000; Depreciation expense was $15,000; Gain on sale of land, $2,000; Wages payable decreased $7,000; Unearned revenue increased $11,000. How much was Rice's net cash inflow from operating activities? $89,000 $115,000 $125,000 $111,000Step by Step Solution
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