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Business, 05.05.2020 23:35 mel4245

An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net income was $1,760,000. Depreciation expense was $430,000. Interest paid was $215,000. Income taxes paid were $107,500. Common stock was sold for $206,000. Preferred stock (8% annual dividend) was sold at par value of $256,000. Common stock dividends of $56,000 were paid. Preferred stock dividends of $20,480 were paid. Equipment with a book value of $106,000 was sold for $212,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2021?

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An analyst compiled the following information for U Inc. for the year ended December 31, 2021: Net i...
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