Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable...
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Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000 and $23,000 respectively. Ending balances in these accounts were $11,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be: Multiple Choice $275,500. $259,500. $270,000 $280,500. Jannette Corporation reports net income of $500,000 that includes depreciation expense of $81,000. Also, cash of $54,000 was borrowed on a 4-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $635,000. $419,000 5554,000 $581,000
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