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  1. business
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  3. assume a company's net cash provided by operating

Assume a company's net cash provided by operating activities is $86,000. It provided the following...

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Accounting

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Assume a company's net cash provided by operating activities is $86,000. It provided the following excerpts from its balance sheet This Year Last Year Current assets Accounts receivable Inventory Prepaid expenses Current liabilities Accounts payable Accrued liabilities Income taxes payable $40.000 553,000 $13,000 $46,000 $50,000 $11,000 $38.000 $18,000 $13,000 $44.000 $15.000 $10,000 Also assume the company incurred a loss on the sale of equipment of $4,000 and the credits to its accumulated depreciation account are $23.000. Based solely on the Information provided, the company's net income would be: he payable Accrued liabilities Income taxes payable $38,000 $18.000 $13,000 $44,000 $15,000 $10,000 Also assume the company incurred a loss on the sale of equipment of $4,000 and the credits to its accumulated depreciation account are $23,000, Based solely on the information provided, the company's net income would be: Multiple Choice 558.000 556.000 554.000 552.000

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