Question

Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2011. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000 respectively. Year-end balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be
A. $132,000.
B. $136,000.
C. $134,000.
D. $138,000.



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  • CreatedFebruary 08, 2013
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