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Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 Accounts Receivable 13,000 5,000 12/31/20 Accounts Payable 17,000 2,700 Calculate the net cash provided by operating activities for Duolever. a. $75.700 b. $77,700 C. $79,700 d. $81,700 e. $86,700

Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 Accounts Receivable 13,000 5,000 12/31/20 Accounts Payable 17,000 2,700 Calculate the net cash provided by operating activities for Duolever. a. $75.700 b. $77,700 C. $79,700 d. $81,700 e. $86,700

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts Receivable 13,000 Accounts Payable 17,000 2,700 5,000 Calculate the net cash provided by operating activities for Duolever. a. $75.700 O b. $77,700 O c. $79,700 O d. $81,700 e. $86,700
Transcribed Image Text:Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts Receivable 13,000 Accounts Payable 17,000 2,700 5,000 Calculate the net cash provided by operating activities for Duolever. a. $75.700 O b. $77,700 O c. $79,700 O d. $81,700 e. $86,700
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