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Chapin Company Reported Net Income of $410,000 for 2018

Question 58

Multiple Choice

Chapin Company reported net income of $410,000 for 2018.Balances of selected current asset and current liability accounts are as shown on the indicated dates: Chapin Company reported net income of $410,000 for 2018.Balances of selected current asset and current liability accounts are as shown on the indicated dates: - Depreciation expense for 2018 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method) for 2018. A) $470,600 B) $467,400 C) $460,600 D) $448,600 -
Depreciation expense for 2018 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method) for 2018.


A) $470,600
B) $467,400
C) $460,600
D) $448,600

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