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Question - The following information is available from the financial statements of Barrel Corporation for the year ended December 31:
Net Income $260,000
Increase in Accounts Payable $5,000
Depreciation Expense $10,000
Payment of Dividends $2,500
Decrease in Accounts Receivable $7,500
Increase in Inventories $5,000
Decrease in Income Taxes Payable $10,000
Required - What are Barrel Corporation's cash flows from operating activities?
A. $265,000
B. $267,500
C. $272,500
D. $257,500
What is the net realizable value of the accounts receivable at December 31, 2013?
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The History of Auditing
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