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The following information was prepared for Standard Corporation: Net income $ 650,000 Gain on sale of equipment 30,000 Dividends paid 80,000 Decrease in prepaid expenses
The following information was prepared for Standard Corporation: Net income $ 650,000 Gain on sale of equipment 30,000 Dividends paid 80,000 Decrease in prepaid expenses 16,000 Increase in accounts receivable 8,000 Net cash provided by operating activities is: Multiple Choice $658,000 $672,000 $548,000 $628,000
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