Multiple Choice
Net income of Lucky Company was $52,000.The accounting records reveal depreciation expense of $99,000 as well as increases in prepaid rent,salaries payable,and income taxes payable of $74,000,$15,700,and $14,000,respectively.What is the net cash flow provided (used) by operating activities?
A) $254,700
B) $47,300
C) $195,300
D) $150,700
E) $106,700
Correct Answer:
Verified
Correct Answer:
Verified
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