Question
4. An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016: Net income was $1,700,000. Depreciation expense was $400,000.
4. An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016: Net income was $1,700,000. Depreciation expense was $400,000. Interest paid was $200,000. Income taxes paid were $100,000. Common stock was sold for $200,000. Preferred stock (8% annual dividend) was sold at par value of $250,000. Common stock dividends of $50,000 were paid. Preferred stock dividends of $20,000 were paid. Equipment with a book value of $100,000 was sold for $200,000. Using the indirect method, what was Uver Inc.'s net cash flow from operating activities for the year ended December 31, 2016?
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