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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

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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 in accounts receivable Decrease in inventory Increase in accounts payable Depreciation expense Gain on sale of land $ 80,000 60,000 200,000 104,000 148,000 What is cash flow from operating activities? $432,000 5536,000. $580,000 $832,000 (19 of 42) An analyst compiled the following information for U Inc. for the year: Net income was $1,700. Depreciation expense was $400. Common stock was sold for $200. Preferred stock (8% annual dividend) was sold at par value of $250. Common stock dividends of $50 were paid. Preferred stock dividends of $20 were paid. Equipment was sold for $200, generating a gain of $100. What was U Inc.'s cash flow from operating activities for the year? e $2,000. $2,030. $2,080. $2,100

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