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Compute the cash flow from operating activities

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Reference no: EM132566142

Question - Specs Limited had a net profit after tax of $600,000 for the financial year. Included in this profit was:

Depreciation expense $80,000

Gain on sale of investments held as a cash equivalent $30,000

Decrease in Accounts payable $15,000

Increase in Accounts receivable $35,000

Compute the cash flow from operating activities during the year?

a. $660,000.

b. $630,000.

c. $730,000.

d. $600,000.

Reference no: EM132566142

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