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QUESTION 8 The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Account receivable and inventories decreased
QUESTION 8 The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $2,000 and $8,000. How much cash was provided by operating activities? a. $339,000 Ob. $343,000 Oc. $296,000 d. $352,000
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
6th edition
1305103963, 978-1305548909, 1305548906, 978-1305103962
