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How much is the cash flow from operating activities

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Question - Stone Company provided the following information at year-end:

 

2015

2014

Accounts Receivable

620,000

680,000

Inventory

1,960,000

1,840,000

Accounts Payable

380,000

520,000

Accrued Expenses

500,000

340,000

The income statement for the year ended December 31, 2015 showed the following data:

Net Income 2,120,000

Depreciation 240,000

Amortization of Patent 80,000

Gain on sale of land 200,000

Required - How much is the cash flow from operating activities for 2015?

Reference no: EM132760547

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