Question: please show work Question 10 0 / 4 pts Tatum Company prepared a Statement of Cash Flows using the indirect method. Tatum's net cash flows
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Question 10 0 / 4 pts Tatum Company prepared a Statement of Cash Flows using the indirect method. Tatum's net cash flows from operating activities were $285,000. Additional information follows: Net income: $150,000 Depreciation expense: $15,000 Loss from the sale of a fixed asset: $10,000 Decrease in accounts receivable: $40,000 Increase in inventory: $5,000 Increase in accrued expenses payable: $30,000 Increase in unearned customer revenues: $25,000 Increase in accounts payable for ventory purchases: $20,000 Tatum's income statement reported sales revenues of $400,000. How much cash did Tatum collect from its customers? $440,000 $415,000 $465,000 0 $400,000 $385,000
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