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Question 34 Not yet answered Marked out of 1.00 F Flag question THE FOLLOWING INFORMATION RELATES TO TIVOLI COMPANY TIVOU COMPANY report the following balances
Question 34 Not yet answered Marked out of 1.00 F Flag question THE FOLLOWING INFORMATION RELATES TO TIVOLI COMPANY TIVOU COMPANY report the following balances in their statements of Financial Position (SOFP) at the end of 2020 and 2019 respectively: (note not all SOFP balances are available in the information provided here) 2020 2019 $18,450 $9,800 Property, Plant and Equipment (PPE) at Cost Accumulated Depreciation on PPE ($7,235) ($4,910) Intangible Assets at Carrying Amount $920 $490 380 240 Inventory Accounts Receivable 425 900 Debt Investments - Current Portion 930 400 Cash 170 130 450 300 Accounts Payable Notes Payable - Current Portion Accrued Expenses 300 700 430 600 Additional Information: (1) PPE with Accumulated Depreciation of $400 was sold during 2020 for $600. The PPE originally cost $1,300. (2) Amortization expense on intangible Assets for 2020 was $170. The firm sold Intangible Assets during 2020 for $400 Additional Information: (1) PPE with Accumulated Depreciation of $400 was sold during 2020 for $600. The PPE originally cost $1,300, (2) Amortization expense on Intangible Assets for 2020 was $170. The firm sold Intangible Assets during 2020 for $400 at a price which was $50 higher than the carrying amount of the Intangible Assets sold. (4) All purchases of PPE and Intangible Assets are for Cash (5) Net Income for 2020 was $3,450 MCQ Based ONLY on the information provided above, what is the amount for Net Cash Provided By (Used By) Operating Activities for 2019? Select one: a. $6,910 b. $6,780 c. None of these answers d. $6,740 e. $6,350
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