Question: $40 In using the indirect method and the following information, what is cash flow from operating activities for Felix Company? Net Income $300 Decrease in

$40 In using the indirect method and the following information, what is cash flow from operating activities for Felix Company? Net Income $300 Decrease in plant and Equipment Depreciation Expense 20 Increase in deferred tax asset Gain on sale of Assets Decrease in Long-term Debt 50 Increase in Inventory 25 Decrease in Accounts Payable 15 5 35 O $240 O $70 O $320 O $250

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