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Information concerning the non-current assets of Ealing Co is detailed in the table. During the year non-current assets which had cost $80,000 and which had a carrying value of $30,000 were sold for $20,000. Net cash from operating activities for the year was $300,000.
There was no other cash activity. As a result of the above, cash increased over the year by: A. $240,000. B. $180,000. C. $320,000. D. $260,000. |