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The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends. 10
The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends. 10 Decrease in accounts receivable 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable. 30 What is cash flow from operating activities for Armstrong Company? Only partial credit will
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