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Tu Company's financial statements show a net income of $378,000 in 2016. The following items also appear on Tu's balance sheet: Depreciation expense $80,000 Accounts
Tu Company's financial statements show a net income of $378,000 in 2016. The following items also appear on Tu's balance sheet:
Depreciation expense | $80,000 |
Accounts receivable decrease | 24,000 |
Inventory increase | 56,000 |
Accounts payable increase | 16,000 |
Using the indirect method, what is Tu's net cash flow from operating activities in 2016?
Select one:
A. $544,000
B. $442,000
C. $464,000
D. $272,000
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