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XYZ Company had Net Income for the year of $120,000. Prepaid Expenses decreased by $12,000 during the year, Accrued liabilities decreased by $10,000, and Taxes

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XYZ Company had Net Income for the year of $120,000. Prepaid Expenses decreased by $12,000 during the year, Accrued liabilities decreased by $10,000, and Taxes Payable increased by $4,000. What was the Net Cash Flow from Operating Activities using the Indirect Method (assume that no other account balances changed that would impact the computation). a. $122,000 c. $114,000 b. $138,000 d. $126,000

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