Question: An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016: Net income was $1,700,000. Depreciation expense was
An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016: ▪ Net income was $1,700,000. ▪ Depreciation expense was $400,000. ▪ The interest paid was $200,000. ▪ Income taxes paid were $100,000. ▪ Common shares sold for $200,000. ▪ Preferred shares (8% annual dividend) were sold at a par value of $250,000. ▪ Common stock dividends of $50,000 were paid. ▪ Preferred stock dividends of $20,000 were paid. ▪ Equipment with a book value of $100,000 sold for $200,000. Using the indirect method, calculate what was Uver Inc.'s net cash flow from operating activities for the year ended December 31, 2016?
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