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Question
a company had net income of $242,000. depreciation expense is $26,000. during the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. prepaid expenses and accounts payable decreased $2,000 and $4,000, respectively. there was also a loss on the sale of equipment of $3,000. how much cash was provided by operating activities?
a.$214,000
b.$207,000
c.$274,000
d.$295,000
Answer
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