The net income reported on the income statement for the current year was $220,000.
depreciation was $50,000. accounts receivable and inventories decreased by $10,000 and $30,000, respectively.

prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000.

how much cash was provided by operating activities?
a. $281,000
b. $317,000
c. $301,000
d. $239,000

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

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