The following data is provided for last year. Net income was $40,000. Current assets (other than cash)

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The following data is provided for last year. Net income was $40,000. Current assets (other than cash) decreased by $10,000 and current liabilities increased by $20,000. The cash flows from operating activities would be:

a. $10,000
b. $60,000
c. $50,000
d. $70,000

Related Book For answer-question

Financial Accounting

ISBN: 978-0077862381

16th edition

Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello

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Posted Date: Sep 28, 2023 07:40 AM

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The following data is provided for last year. Net income was $40,000. Current assets (other than cash)

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Financial Accounting

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