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Ricks 2020 net cash flow from operating activities was $600,000. Rick reported the following items on its financial statements for 2020: Cash dividends $32,000 Depreciation
Ricks 2020 net cash flow from operating activities was $600,000. Rick reported the following items on its financial statements for 2020:
| Cash dividends | $32,000 |
| Depreciation | 26,000 |
| Increase in accounts receivable | 19,000 |
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Ricks net income for 2020 was:
A) $556,000
B) $593,000
C) $632,000
D) $645,000
E) none of the answers are correct
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