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The most recently computed Income Statement for Chicago Industries shows $880,000 in Depreciation and $2,400,000 in Net Income. How would these figures, together, be reflected
- The most recently computed Income Statement for Chicago Industries shows $880,000 in Depreciation and $2,400,000 in Net Income. How would these figures, together, be reflected in the most recent Statement of Cash Flows?
- A.They account for $2,400,000 of the total shown in Cash Flow from Financing Activities
- B.They account for - $1,520,000 of the total shown in Cash Flow from Operating Activities
- C.They account for - $880,000 of the total shown in Cash Flow from Investing Activities
- D.They account for $3,280,000 of the total shown in Cash Flow from Operating Activities
- E.(Both answers a and c above are correct)
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