How net cash flows from operating activities should be

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The net income for Yoakum Corporation was 5640 million for the year ended December 31, 2021. Related information follows

Sale of common stock for cash S52 million.
Amortization of trademark $20million
Cash dividends paid, 564 million
Decrease in salaries payable, $20 million.
Depreciation expense. $76 million
Increase in accounts payable. $54 million
Increase in dividend payable. 562 million

Question 1: Net cash flows from operating activities during 2021 should be reported as:

Option 1: $770 million.

Option 2: $738 millon.

Option 3: $778 million.

Option 4: $662 mllion.

Reference no: EM132607952

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