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Tiki Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available: Held- to-Maturity Bonds purchased 25,000 increase
Tiki Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available:
Held- to-Maturity Bonds purchased | 25,000 | increase |
Common Stock issued | 70,000 | increase |
Accounts Receivable | 10,000 | decrease |
Accounts Payable | 15,000 | increase |
Gain on sale of AFS Investment | 5,000 | increase |
What amount should Tiki report as net cash provided by operating activities in its statement of cash flows for the year?
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$146,000
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$30,000
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$20,000
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$10,000
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