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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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