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Question
the net income reported on the income statement for the current year was $410,000. depreciation recorded on plant assets was $76,000. accounts receivable and inventories increased by $4,000 and $16,000, respectively. prepaid expenses and accounts payable decreased by $2,000 and $22,000, respectively. how much cash was provided by operating activities?
a.$370,000
b.$446,000
c.$410,000
d.$478,000
Answer
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