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Question 13 Based on the following information, calculate the change in cash due to operating activities. Net Income was $250,000 Depreciation Expense was $85,000 A/R
Question 13 Based on the following information, calculate the change in cash due to operating activities. Net Income was $250,000 Depreciation Expense was $85,000 A/R decreased by $20,000 Inventory increased by $10,000 A/P increased by $25,000 $370,000 $335,000 O $355,000 $320,000 Save Answer Question 14 64 points Cougar Corp. sold a vehicle on December 31. The vehicle had an original cost of $85,000. Over its life, the vehicle was depreciated $65,000. When the vehicle was sold, Cougar Corp. recorded a gain of $10,000. What amount will appear in the investing activities section of the cash flow statement as a result of this transaction? $0 $10,000 $20,000 $30,000 Save Answer Question 15 6.A points Which of the following statements is most correct? Most balance sheets include balances that cover at least two periods. Financial statement analysis can provide additional information that might not be seen by looking at the financial statements themselves. Financial statement analysis can be utilized by many different parties to analyze business transactions All listed items are correc orrect
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