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The following information was extracted from the books of ASB Company Limited for the period ending December 31 st , 2015. Net Income 1,500,000 Sales

The following information was extracted from the books of ASB Company Limited for the period ending December 31st, 2015.

Net Income

1,500,000

Sales revenue

500,000

Loss on sale of land

120,000

Acquisition of land

1,050,000

Depreciation

215,000

Decrease in current liabilities

455,000

Increase in current assets and other than cash

316,000

Which of the following is the correct cash flow from operating activities using the indirect method based on the info presented?

Select one:

a. $1,064,000

b. $1,936,000

c. $1,026,000

d. $1,000,000

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