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The following information is for B Inc. for 2022: Net income was $1,700,000. Depreciation expense was $400,000. Interest paid was $400,000. Income taxes paid were
The following information is for B Inc. for 2022:
Net income was $1,700,000.
Depreciation expense was $400,000.
Interest paid was $400,000.
Income taxes paid were $100,000.
Common stock was sold for $200,000.
Preferred stock (8% annual dividend) was sold at par value of $250,000.
Common stock dividends of $50,000 were paid.
Equipment with a book value of $0 was sold for $200,000.
Using the indirect method, what was B Inc.'s net cash flow from operating activities for 2022?
a. | $2,000,000 | |
b. | $2,100,000 | |
c. | $2,080,000 | |
d. | $1,900,000 | |
e. | $1,700,000 |
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