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If a Company Reported Net Income for the Year of $160,000

Question 58

Multiple Choice

If a company reported net income for the year of $160,000, cash from operating activities of $105,000, cash provided from financing activities of $225,000, and cash used in investing activities of $450,000, what was their change in cash for the year?


A) $120,000 decrease
B) $170,000 decrease
C) $40,000 increase
D) $65,000 decrease

Correct Answer:

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