During 2020 the GY Company had a net income of $100,000. In addition, selected accounts...
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Accounting
During 2020 the GY Company had a net income of $100,000. In addition, selected accounts showed the following changes: Inventory $4,000 decrease Accounts payable $3,000 increase Buildings $40,000 increase Gain on disposal of equipment $1,000 Bonds payable $8,000 increase What was the amount of cash provided by operating activities?
Select one:
a. 92,000
b. 108,000
c. 94,000
d. 106,000
please explain how to solve this problem. thank you
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