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Rogers Company reported net income of $36,642 for the year. During the year, accounts receivable increased by $6,176, account
m/ilrn/takeAssignment takeAssignme Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the i
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Answer #1

Cash provided by operating activities = $36,642 + $5,776 - $6,176 - $3,079 = $33,163

Option C.

$94,100 received from the sale of land should be reported as cash inflow under investing activity.

Option C.

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