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4. A business has the following financial information at the end of the year: Prior year Current year Net income $500,000 Depreciation expense $100,000 Dividends
4. A business has the following financial information at the end of the year: Prior year Current year Net income $500,000 Depreciation expense $100,000 Dividends paid $250,000 Accounts receivable $1,500,000 $2,000,000 Inventory $3,500,000 $2,000,000 Accounts payable $350,000 $500,000 Long term debt $2,300,000 $3,000,000 Common stock $2,200,000 $2,500,000 Retained earnings $6,150,000 $6,350,000 Based on the financial information presented above, determine net cash flow from OPERATING ACTIVITIES for the current year.
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