Decrease in cash from operating activities

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Reference no: EM131202293

Montgomery Company reported net income for the current year, but the company's Statement of Cash Flows reported a decrease in cash from operating activities. Which of the following could help explain this?

a. cash dividends declared this year but not paid to stockholders until the following year

b. depreciation expense recorded for the period

c. bonds payable were retired during the period for face value

d. land was sold at a gain

e. either a or b

Reference no: EM131202293

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