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A company had net income of $241,308. Depreciation expense is $29,309. During the year, Accounts Receivable and Inventory increased by $18,955 and $29,574, respectively.
A company had net income of $241,308. Depreciation expense is $29,309. During the year, Accounts Receivable and Inventory increased by $18,955 and $29,574, respectively. Prepaid Expenses and Accounts Payable decreased by $3,626 and $4,384, respectively. There was also a loss on the sale of equipment of $3,554. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? Oa. $224,884 Ob. $264,310 Oc. $217,776 Od. $274,171
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