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5 t of In its statement of cash flows issued for the year ending December 31, Oxford Company reported a net cash inflow from

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5 t of In its statement of cash flows issued for the year ending December 31, Oxford Company reported a net cash inflow from operating activities of $123. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income Depreciation 531 uestion Increase in net accounts receivable 38 Increase in inventory Decrease in accounts payable Decrease in interest payable 48 27 12 Net income is Select one O a $217 O b. $279 Oc $156 Od $53 O $29

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