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Given the Following Information, Calculate the Net Cash from Operating

Question 27

Multiple Choice

Given the following information, calculate the net cash from operating activities for the period.
Profit $780 000
Accounts receivable decreased by 5000
Proceeds from the sale of equipment 34 000
Inventory increased by 22 000
Depreciation expense 36 000
Carrying value of equipment sold 1000


A) $832 000
B) $766 000
C) $810 000
D) $805 000

Correct Answer:

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