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Lense Laboratories' Net Income Was $250,000 A)$152,000

Question 82

Multiple Choice

Lense Laboratories' net income was $250,000.Given the account information below,what is the net operating cash flows for Lense Laboratories?  Increase in Accounts Receivable $60,000 Increase in Salaries Payable $50,000 Decrease in Inventory $30,000 Depreciation Expense $45,000 Increase in Prepaid Insurance $3,000\begin{array} { | l | r | } \hline \text { Increase in Accounts Receivable } & \$ 60,000 \\\hline \text { Increase in Salaries Payable } & \$ 50,000 \\\hline \text { Decrease in Inventory } & \$ 30,000 \\\hline \text { Depreciation Expense } & \$ 45,000 \\\hline \text { Increase in Prepaid Insurance } & \$ 3,000 \\\hline\end{array}


A) $152,000.
B) $278,000.
C) $312,000.

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