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Multiple Choice Question 127 A company had net income of $236 . Depreciation dense is $21840. During the year, accounts recei
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Answer #1
Cash Flow Statement ( Partial)
Net income 236,880
Depreciation expense 21,840
Loss on sale of equipment 14,280
Accounts receivable increase -12,600
Inventory increase -33,600
Prepaid expense decrease 1,680
Accounts payable increase -11,760
Cash flows from operating activities $216,720

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