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What must have been wyman''s profit/loss for the period

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Question - Wyman Co. reported $36,000 of cash provided by operating activities and the following data:

Amortization $45,000

Increase in accounts payable $12,000

Increase in wages payable $8,000

Decrease in taxes payable $2,000

Required - What must have been Wyman's profit/loss for the period?

A) $54,000 loss

B) $27,000 loss

C) $12,000 loss

D) $10,000 profit

Reference no: EM133013870

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