Question

(18 of 42) S Company reported net income for the year in the amount of $400,000....

(18 of 42)

S Company reported net income for the year in the amount of $400,000. The company's financial statements also included the following:

                                   

Increase in accounts receivable

$

80,000

Decrease in inventory

60,000

Increase in accounts payable

200,000

Depreciation expense

104,000

Gain on sale of land

148,000

What is cash flow from operating activities?

$432,000.

$536,000.

$580,000.

$832,000.

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