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A firm uses the indirect method. What is Cash flow from operating activities? Net income $88,000 Acct. Receivable increase 13,000 Inventory increase 9,000 Acct. Payable

A firm uses the indirect method. What is Cash flow from operating activities?

Net income $88,000

Acct. Receivable increase 13,000

Inventory increase 9,000

Acct. Payable decrease 3,500

Income tax payable increase 1,500

Depreciation expense 6,000

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