Cash Flows From Operating Activities | |
Net income | 40,000 |
Depreciation expense | 16,000 |
Accounts receivable decrease | 10,000 |
Inventory increase | -3,000 |
Net cash provided by Operating Activity | $63,000 |
Second option is correct option.
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Net income was $40,000; accounts receivable decreased by $10,000; inventory increased by $3,000; proceeds from the...
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