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What is the net cash flows from operating activities

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Reference no: EM132729250

Problem 1: Lense Laboratories' net income was $270,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?

Increase in Accounts Receivable $62,000

Increase in Salaries Payable $56,500

Decrease in Inventory $34,500

Depreciation Expense $50,000

Increase in Prepaid Insurance $3,700

Multiple Choice

Option 1: $345,300

Option 2: $283,700

Option 3: $476,700

Option 4: $356,300

Reference no: EM132729250

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