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What is the net cash flows from operating activities

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Reference no: EM132801489

Question - Lense Laboratories' net income was $260,000. Given the account information below,

Increase in Accounts Receivable $67,000

Increase in Salaries Payable $57,000

Decrease in Inventory $34,500

Depreciation Expense $46,500

Increase in Prepaid Insurance $3,300

What is the net cash flows from operating activities for Lense Laboratories?

a. $347,700

b. $327,700

c. $265,300

d. $468,300

Reference no: EM132801489

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