Lucia Ltd. reported net income of $136,500 for the year ended December 31, 2021. January 1...
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Lucia Ltd. reported net income of $136,500 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27,300 and $27,200, respectively. Year-end balances in these accounts were $30,700 and $23,700, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $139,900. $129,600. $143,400. $78,500. Lucia Ltd. reported net income of $136,500 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27,300 and $27,200, respectively. Year-end balances in these accounts were $30,700 and $23,700, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $139,900. $129,600. $143,400. $78,500.
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Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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