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The following information is available for Felix Company: Decrease in plant and equip. Net income $300 $40 Depreciation expense $20 Increase in deferred tax
The following information is available for Felix Company: Decrease in plant and equip. Net income $300 $40 Depreciation expense $20 Increase in deferred tax asset Gain on sale of assets $35 Decrease in long-term debt Increase in inventories $25 $5 $50 Decrease in accounts payable $15 What is cash flow from operating activities for Felix Company?
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
