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Net cash flow from operating activities (indirect method) for 2015 for Dover Corporation was $330,000. The following items are reported on the financial statements for
Net cash flow from operating activities (indirect method) for 2015 for Dover Corporation was $330,000. The following items are reported on the financial statements for 2015:
Depreciation and amortization $ 20,000
Cash dividends paid on common stock 12,000
Increase in accounts receivable 24,000
Based only on the information above, Dunn's net income for 2015 was:
A $286,000. | ||
B | $294,000. | |
C | $326,000. | |
D | $334,000. |
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