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What was the amount of cash flow from operating activities

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Question 1: Baird Company reported depreciation expense of $20,900 and net income of $34,300 on its Year 1 income statement. During Year 1, the company's accounts receivable balance decreased by $8,700. Based on this information alone, what was the amount of cash flow from operating activities?

Option 1: $55,200

Option 2: $34,300

Option 3: $63,900

Option 4: $25,600

Reference no: EM132495696

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