The net income reported on the income statement for the current year was $259000. Depreciation was $56000. Accounts receivable and inventories decreased by $5000 and $16000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $15000. Investments were sold at a loss of $21700. How much cash was provided by operating activities?

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A: Answer -    Cash flow from operating activities (CFO) indicates the amount of money a company brings…

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A: Indirect Method of Cash Flow Statement is the method that reconciles the net profit with the cash…

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