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Pluto Company paid cash to purchase two identical inventory items. The first purchase cost $20.00 cash and the second cost $16.00 cash. Barker sold one

Pluto Company paid cash to purchase two identical inventory items. The first purchase cost $20.00 cash and the second cost $16.00 cash. Barker sold one inventory item for $40.00 cash. Based on this information alone, without considering the effect of income tax:

a)cash flow from operating activities is $10.00 assuming a LIFO cost flow

b) the amount of cash flow from operating activities is not affected by the cost flow method.

c)cash flow from operating activities is $11.00 assuming a weighted average cost flow.

d)cash flow from operating activities is $12.00 assuming a FIFO cost flow.

e)None of the given answers

f)Cash flow from operating is zero

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