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Lani's Generated Net Income of $911, Depreciation Expense Was $47

Question 16

Multiple Choice

Lani's generated net income of $911, depreciation expense was $47, and dividends paid were $25. Accounts payables increased by $15, accounts receivables increased by $28, inventory decreased by $14, and net fixed assets decreased by $8. There was no interest expense. What was the net cash flow from operating activity?


A) $776
B) $865
C) $959
D) $922
E) $985

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