Table 4.1 Ruff Sandpaper Co

question 139

Multiple Choice

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010
-All of the following are operating cash flows EXCEPT

• A) net profit/earnings after tax.
• B) increase or decrease in current liabilities.
• C) increase or decrease in fixed assets.
• D) depreciation expense.

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