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What is empire net cash flow from operating activities

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Reference no: EM132569226

Empire Company uses the indirect method to prepare its statement of cash flows.

The following information has been gathered for the current period:

Loss on sale of land       $15,000

Net income                      $309,000

Depreciation expense           $68,000

Cash received from sale of land $70,000

Decrease in accounts receivable $17,000

Increase in inventory                 $22,000

Decrease in accounts payable     $29,000

Dividends paid                         $88,000

Question 1: Solely on the basis of the above information, what is Empire's net cash flow from operating activities?

Reference no: EM132569226

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