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How much cash was provided from operating activities

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Problem 1: The net income reported on the income statement for the current year was $56,000. Depreciation recorded on plant assets was $9,000. Accounts receivable and inventories increased by $2,500 and $6,000, respectively. Prepaid expenses and accounts payable decreased by $3,000 and $9,500, respectively. How much cash was provided from operating activities?

Group of answer choices

(a) $67,000

(b) $44,000

(c) $69,000

(d) $50,000

Reference no: EM132729579

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