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please help. will rate. An analyst complled the following information for ( U ) incorporated for the year ended December 31, 2024: - Net income
please help. will rate.
An analyst complled the following information for \\( U \\) incorporated for the year ended December 31, 2024: - Net income was \\( \\$ 2,000,000 \\) - Depreciation expense was \\( \\$ 550,000 \\). - Interest pald was \\( \\$ 275,000 \\). - Income taxes paid were \\( \\$ 137,500 \\). - Common stock was sold for \\( \\$ 230,000 \\). - Preferred stock (8\\% annual dividend) was sold at par value or \\( \\$ 280,000 \\). - Common stock dividends of \\( \\$ 80,000 \\) were paid. - Preferred stock dividends of \\( \\$ 22,400 \\) were pald. - Equipment with a book value of \\( \\$ 130,000 \\) was sold for \\( \\$ 260,000 \\). Using the indirect method, what was \\( U \\) incorporated's net cash flow from operating activitles for the year ended December 31, 2024? Multple Choice \\( \\$ 2.477 .600 \\) \\( \\$ 2.557 .600 \\) \\( \\$ 2,550,000 \\) \\( \\$ 2,420,000 \\) Step by Step Solution
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