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Question 6 (3 points) The following data relates to Laurier Inc. for the year. Some amounts may be negative. A negative net income means a
Question 6 (3 points) The following data relates to Laurier Inc. for the year. Some amounts may be negative. A negative net income means a loss. A positive (negative) change in asset or liability account means the asset or liability account increased (decreased) during the year. Net income 75000 Depreciation expense 4000 Dividends paid 16000 Change in accounts receivable 10000 Change in inventory 3000 Change in accounts payable - 8500 Purchase of equipment 10000 There were no other changes in current assets or liabilities. Calculate operating cash flow for the year. Not all of the amounts provided should be used in your calculation. Some items are distractors. Your Answer: Answer 3 4 5 6 E R T G
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