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Majorn Auto Parts Store Had Net Income of $84,000 for the Year

Question 3

Multiple Choice

Majorn Auto Parts Store had net income of $84,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year: Majorn Auto Parts Store had net income of $84,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:   Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in)  operating activities? A)  $44,000 B)  $(56,000)  C)  $194,000 D)  $288,000 Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in) operating activities?


A) $44,000
B) $(56,000)
C) $194,000
D) $288,000

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