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Use the indirect method to answer questions 11-14. The following information is available for Felix Company: Net income $300 Decrease in plant and equip $40
Use the indirect method to answer questions 11-14. The following information is available for Felix Company: Net income $300 Decrease in plant and equip $40 Depreciation expense 20 Increase in deferred tax asset Gain on sale of assets 35 Decrease in long-term debt 50 Increase in inventories 25 Decrease in accounts payable 15 306 th - 35-25-15 +5 11/ What is cash flow from operating activities for Felix Company? a. $240 b. $70 c. $320 d. $250 a SS 12/ What is cash from investing activities for Felix Company? b. $40 360 c. $75 d. $10 13/What is cash from financing activities for Felix Company a $50 b. $65 fe (550) d. $60 (14) What is the change in cash for Felix Company? a. $310 b. $205 c. $330 d. $230
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