Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10...

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Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 Using the indirect method, what is cash flow from operating activities for Armstrong Company? Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 Using the indirect method, what is cash flow from operating activities for Armstrong Company?

Answer rating: 100% (QA)

To calculate the cash flow from operating activities using the indirect method we start with net inc... View the full answer