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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.
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 items are listed on the Statement of cash Flows:
Depreciation $38
Increase in net accounts receivable 31
Decrease in inventory 27
Decrease in accounts payable 48
Dividends paid 12
Net income is:
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