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Business, 26.03.2020 21:03 mvtthewisdead

Net cash flow from operating activities for 2018 for Graham Corporation was $495,000. The following items are reported on the financial statements for 2018:

Depreciation and amortization $ 30,000
Cash dividends paid on common stock 18,000
Increase in accounts receivable 36,000

Based only on the information above, Graham’s net income for 2018 was:

$501,000.
$429,000.
$441,000.
$489,000.

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