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The following information was prepared for Standard Corporation: Net income Gain on sale of equipment Dividends paid Decrease in prepaid expenses $680,000 45,000 117,500
The following information was prepared for Standard Corporation: Net income Gain on sale of equipment Dividends paid Decrease in prepaid expenses $680,000 45,000 117,500 46,000 Increase in accounts receivable 38,000 Net cash flow from operating activities equals: Multiple Choice $643,000 $687,000 $718,000
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