Assume That During the Year, the Cui Company Had Net

question 38

Multiple Choice

Assume that during the year, the Cui Company had net income of $100,000. One of the expenses that was included in the computation of net income was depreciation expense of $3,000. The company also had a gain on the sale of investment property of $4,000. Based on this information, net operating cash flows for the year equal

• A) 93000
• B) 99000
• C) 101000
• D) 107000

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