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A company had net income of $295,296. Depreciation expense is $28,778. During the year, Accounts Receivable and Inventory increased by $17,554 and $31,215, respectively.
A company had net income of $295,296. Depreciation expense is $28,778. During the year, Accounts Receivable and Inventory increased by $17,554 and $31,215, respectively. Prepaid Expenses and Accounts Payable decreased by $2,867 and $4,160, respectively. There was also a loss on the sale of equipment of $6,909. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? a. $330,983 b. $318,615 c. $280,921 d. $267,103
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