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Question
a company had net income of $940,000. depreciation expense is $104,000. during the year, accounts receivable and inventory increased $60,000 and $160,000, respectively. prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively. there was also a loss on the sale of equipment of $12,000. how much cash was provided by operating activities?
a.$804,000
b.$828,000
c.$1,124,000
d.$1,172,000
Answer
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