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What was cash flow from operating activities

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Question: Net income for the year was $120,000. Wages Payable was the only non-cash current asset and current liability that changed during the period. The Wages Payable ending balance is $17,000 lower than the Wages Payable beginning balance. There were no disposals of land or equipment. The Company received $25,000 from the issuance of a bond payable. What was Cash Flow from Operating Activities?

Reference no: EM131740896

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