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STATEMENT OF CASH FLOW: Company A has net income of 1,000,000, depreciation of 400,000, an increase in accounts receivable of 300,000, a decrease in inventory

STATEMENT OF CASH FLOW: Company A has net income of 1,000,000, depreciation of 400,000, an increase in accounts receivable of 300,000, a decrease in inventory of 200,000 and a decrease in accounts payable of 300,000. Using the indirect method, what is the amount for net cash flow from operating activities?

a. 1,900,000

b. 1,600,000

c. 1,200,000

d. 1,000,000

e. None of the above

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