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In the Roswell Corporation, Cash Receipts from Customers Were $138,000

Question 128

Multiple Choice

In the Roswell Corporation, cash receipts from customers were $138,000, cash payments for operating expenses were $102,000, and one-third of the company's $6.300 income taxes were paid during the year. Net cash provided by operating activities is:


A) $36,000.
B) $29,700.
C) $33,900.
D) $31,800.

Correct Answer:

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