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A company has a net cash inflow from operating activities of $796,000, a net cash outflow of $64,000 from investing activities and a net

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A company has a net cash inflow from operating activities of $796,000, a net cash outflow of $64,000 from investing activities and a net cash inflow of $101,100 from financing activities. The company paid $131,000 in interest, $190,000 in income taxes, and $207,000 in cash dividends. Which of the following statements about the statement of cash flows is not correct? Multiple Choice The cash dividends of $207,000 paid will be reported as a cash outflow in the cash flow from investing activities section. The statement of cash flows will show a net increase in cash and cash equivalents of $833,100. If the direct method is used, the $131,000 of interest paid and the $190,000 of income taxes paid will be reported in the cash flows from operating activities. Supplemental disclosures required for a company using the indirect method include the amount of interest and the amount of income taxes paid.

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