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The 20B Income Statement of Dunn Company Reported Total Sales

Question 90

Multiple Choice

The 20B income statement of Dunn Company reported total sales revenue of $106,000 and total expenses of $108,000 .Expenses were: building depreciation,$10,000 and patent amortization,$5,000.There was an increase in inventory of $1,000.What was cash flow from operating activities during 20B (parentheses indicate outflow) ?


A) ($3,000) .
B) $7,000.
C) $12,000.
D) $14,000.

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