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The Bi-Out Company had a net loss of $225,000 in 2015. The following additional information also was provided: Dividends declared but not paid $40,000 Increase
The Bi-Out Company had a net loss of $225,000 in 2015. The following additional information also was provided: Dividends declared but not paid $40,000 Increase in accounts payable $30,000 Proceeds from the sale of convertible preferred stock $50,000 Depreciation expense $100,000 Proceeds from the sale of bonds $50,000 What was the amount of cash provided or used from operating activities in 2015? a. - $225,000 b. -$155,000 C. -$95,000 O d. $5,000
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