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The net income reported on the income statement for the current year Calculator The net income reported on the income statement for the current year

The net income reported on the income statement for the current year

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Calculator The net income reported on the income statement for the current year was $255,824. Depreciation recorded on fixed assets and amortization of patents for the year were $35,279 and $11,060, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $43,489 $51,796 Accounts Receivable 123,778 105,790 Inventories 108,162 90,847 Prepaid Expenses ,660 7,538 Accounts Payable (merchandise creditors) 45,783 69,622 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? Oa. $245,899 Ob. $266,860 Oc. $235,536 Od. $329,553 Previous Next All work saved. Email Instructor Submit Test for Grading 4:08 PM 6/4/2020 Medicare acer 855 609 9960

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