Over the past year Company "X" experienced the following: had a net income of $220,000;...
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Accounting
Over the past year Company "X" experienced the following: had a net income of $220,000; bought $650,000 of new equipment; had depreciation of $70,000; increased inventories and accounts payable by $200,000 each; borrowed $120,000 from the bank; sold old equipment for $240,000; repaid a $200,000 mortgage; & raised $200,000 by issuing new common shares. For the year, Company "X" raised from Operating Activities the following amount of cash: Question 14 options: $530,000 none of the listed answers are correct $490,000 $290,000
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