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A Firm Generated Net Income of $878

Question 60

Multiple Choice

A firm generated net income of $878. The depreciation expense was $47 and dividends were paid in the amount of $25. Accounts payables decreased by $13, accounts receivables increased by $22, 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) $876
B) $902
C) $904
D) $922
E) $930

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