Business, 20.03.2020 09:45 itorres40

At the end of the first year of operations, the balance sheet of West Palm Beach Industries had the following balances: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000. The corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash flow from operating activities. Based on this information, net cash flow from operating activities is: Group of answer choices $82,000 $78,000 $77,000 $80,000

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At the end of the first year of operations, the balance sheet of West Palm Beach Industries had the...

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