Lense Laboratories' net income was $330,000. Given the account information below, what is the net cash...
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Lense Laboratories' net income was $330,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in Accounts Receivable Increase in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Prepaid Insurance Multiple Choice $335,300 $420,700 $540,300 $403,700 $65,000 $56,500 $37,500 $48,000 $ 3,300 Lense Laboratories' net income was $330,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in Accounts Receivable Increase in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Prepaid Insurance Multiple Choice $335,300 $420,700 $540,300 $403,700 $65,000 $56,500 $37,500 $48,000 $ 3,300
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Net income 330000 Add Non cash items Depreciation 48000 Addless Wor... View the full answer
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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