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Question
the net income reported on the income statement for the current year was $210,000. depreciation was $25,000. accounts receivable and inventories decreased by $5,000 and $15,000, respectively. prepaid expenses and accounts payable increased, respectively, by $500 and $4,000. how much cash was provided by operating activities?
a.$240,500
b.$250,500
c.$258,500
d.$219,500
Answer
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