On August 15, 2005, Benet Co. sold goods for which it received a note bearing the market rate of interest on that date. The four-month note was dated July 15, 2005. Note that the principal, together with all interest, is due November 15, 2005.
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Sauder Corporation reports the following information: Net income $380,000 Depreciation expense 70,000 Increase in accounts receivable 30,000 Sauder should report cash provided by operating activities of A. $340,000. B. $280,000. C. $420,000. D.
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