Reference no: EM13863767
An analyst compiled the following information for Maccs Inc. for the year ended December 31, 2010:
? Net income was $1,700,000.
? Depreciation expense was $400,000.
? Interest paid was $200,000.
? Income taxes paid were $100,000.
? Common stock was sold for $200,000.
? Preferred stock (8% annual dividend) was sold at par value of $250,000.
? Common stock dividends of $50,000 were paid.
? Preferred stock dividends of $20,000 were paid.
? Equipment with a book value of $100,000 was sold for $200,000.
Using the indirect method, what was Maccs Inc.'s net cash flow from operating activities for the year ended December 31, 2010?
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: An analyst compiled the following information for Maccs Inc. for the year ended December 31, 2010: Using the indirect method, what was Maccs Inc.'s net cash flow from operating activities for the year ended December 31, 2010?
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