Question: Calculate the Operating Cash Flow (OCF) for DEF Corp. for the fiscal year ended December 31, 2023. The company's net income was $800,000, depreciation expense

Calculate the Operating Cash Flow (OCF) for DEF Corp. for the fiscal year ended December 31, 2023. The company's net income was $800,000, depreciation expense was $200,000, and changes in working capital were $100,000 (increase). Use the formula: OCF = Net Income + Depreciation Expense + Changes in Working Capital.

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