Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2021. January 1...
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Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27.200 and $26.800, respectively. Year-end balances in these accounts were $30,200 and $23,100, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $141700 $77,600. $128.300 $138,000. Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $27.200 and $26.800, respectively. Year-end balances in these accounts were $30,200 and $23,100, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $141700 $77,600. $128.300 $138,000.
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Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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