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What is the cumulative effect of these transactions

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Reference no: EM133101634

Question - ABC Co.'s petty cash receipts indicate the following expenditures for the end of October:

Office supplies $490

Miscellaneous selling expense $300

Miscellaneous administrative expense $120

Required - What is the cumulative effect of these transactions on the statement of cash flows?

a. $910 decrease in operating activities

b. $420 decrease in financing activities

c. $490 increase in operating activities

d. No effect on the statement of cash flows

Reference no: EM133101634

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