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(18 of 42) S Company reported net income for the year in the amount of $400,000. The company's financial statements also included the following: Increase
(18 of 42)
S Company reported net income for the year in the amount of $400,000. The company's financial statements also included the following:
Increase in accounts receivable | $ | 80,000 |
|
Decrease in inventory |
| 60,000 |
|
Increase in accounts payable |
| 200,000 |
|
Depreciation expense |
| 104,000 |
|
Gain on sale of land |
| 148,000 |
|
What is cash flow from operating activities?
$432,000.
$536,000.
$580,000.
$832,000.
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