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Last month, a company's net income was $1800. The depreciation expense was $1000. Inventory decreased by $500. Accounts payable increased by $300. Other current asset
Last month, a company's net income was $1800. The depreciation expense was $1000. Inventory decreased by $500. Accounts payable increased by $300. Other current asset and current liability accounts remained the same. What is the operating cash flow based on the indirect method? 3600 2600 1600 None of above Last month, a company purchased a new equipment for $500. The old equipment was sold for $80. A long-term investment was sold for $200. Equity stock was bought back (repurchased) for $70, and a cash dividend was paid in the amount of \$60. Long-term debt of $40 was paid off. What was the amount of investing cash flow last month? Note: Some of the number are not related to investing activities and should not be used. 220 Inflow 220 Outflow 300 Outflow None of above
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