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Question 27 (4 points) The Golden Rams Company reported net income of $100,000 for 2020. Net income includes a gain of $6,000 on the
Question 27 (4 points) The Golden Rams Company reported net income of $100,000 for 2020. Net income includes a gain of $6,000 on the sale of land and a loss on the sale of equipment of $10,000. Depreciation on fixed assets for the year was $15,000. The net cash flows from operating activities is $89,000. $81,000. $99,000. $119,000.
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
