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2 Why might a firm's Cash Flow from Operating Activities on its Statement of Cash Flows exceed its Net Income reported on its Income Statement
2
Why might a firm's Cash Flow from Operating Activities on its Statement of Cash Flows exceed its Net Income reported on its Income Statement for a given year?
Select one:
a. Firm experienced a decrease in accounts payable during the year
b. Firm experienced a high level of depreciation expense for the year
c. Firm experienced an increase in accounts receivable during the year
d. Firm paid interest expense to lenders
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