Cheyenne Corp s net income for the current year was 422000 Depreciation was 55000 Accounts receivable and inventories decreased

Question

Cheyenne Corp s net income for the current year was 422000 Depreciation was 55000 Accounts receivable and inventories decreased by 18000 and 28000 respectively Prepaid expenses and salaries payable increased respectively by 2000 and 14000 Equipment was sold at a gain of 7700 How much cash was provided by operating activities O 527300 O 507000 O 419000 O 471000

Kunduz · Accepted Answer

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