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34 2007 Sitewide Company's net income was $270,000. Given the account information below, what is the net cash flows from operating activities for Sitewide? Increase in accounts receivable Increase in salaries payable Decrease in inventory Depreciation expense Increase in prepaid insurance Multiple Choice $359.500 $474,500 $275,500 $333,500 $67,000 54,000 32,500 47,500 3,500

34 2007 Sitewide Company's net income was $270,000. Given the account information below, what is the net cash flows from operating activities for Sitewide? Increase in accounts receivable Increase in salaries payable Decrease in inventory Depreciation expense Increase in prepaid insurance Multiple Choice $359.500 $474,500 $275,500 $333,500 $67,000 54,000 32,500 47,500 3,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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34 – ૧૦ હા Sitewide Company's net income was $270,000. Given the account information below, what is the net cash flows from operating activities for Sitewide? Increase in accounts receivable. Increase in salaries payable. Decrease in inventory Depreciation expense Increase in prepaid insurance Multiple Choice $359,500 $474,500 $275,500 $333,500 $67,000 54,000 32,500 47,500 3,500
Transcribed Image Text:34 – ૧૦ હા Sitewide Company's net income was $270,000. Given the account information below, what is the net cash flows from operating activities for Sitewide? Increase in accounts receivable. Increase in salaries payable. Decrease in inventory Depreciation expense Increase in prepaid insurance Multiple Choice $359,500 $474,500 $275,500 $333,500 $67,000 54,000 32,500 47,500 3,500
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