Question: with complete solutions, journal entry (if ever) and answer. Santana Company provided the following information for the current year: December 31 1,500,000 7,000,000 January 1
Santana Company provided the following information for the current year: December 31 1,500,000 7,000,000 January 1 1,000,000 5,400,000 ? (4,800,000) Cash Retained earnings Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Dividends declared and paid Net income 1,800,000 2,000,000 3,600,000 What amount should be reported as cash flow from operating activities? 4,500,000 3,500,000 2,500,000 4 3,600,000
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