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The following information is for Cleveland Company: 12/31/Year 3 12/31/Year 2 Accounts receivable $127,500 $180,000 Prepaid rent 46,000 20,200 Long-term investments 144,500 167,500 Dividends payable
The following information is for Cleveland Company:
12/31/Year 3 | 12/31/Year 2 | |
---|---|---|
Accounts receivable | $127,500 | $180,000 |
Prepaid rent | 46,000 | 20,200 |
Long-term investments | 144,500 | 167,500 |
Dividends payable | 45,400 | 56,400 |
Salaries payable | 161,000 | 171,800 |
Long-term notes payable | 346,600 | 369,600 |
Additional data for the current year:
- (1) Sales on account for the period were $187,000.
- (2) Operating expenses for the period were $113,000.
Based on this limited information, what was the net cash flow from operating activities?
Multiple Choice
-
$36,600
-
$74,000
-
$89,000
-
$89,900
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