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What is Chaffees net cash flow from operating activities

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Question - Chaffee Company's financial statements show a net loss of $180,000. The following items also appear on Chaffee's balance sheet:

Depreciation expense $84,000

Accounts receivable increase 120,000

Inventory decrease 48,000

Accounts payable decrease 24,000

Accrued liabilities increase 36,000

Required - What is Chaffee's net cash flow from operating activities? The company uses the indirect method.

a. $84,000

b. ($180,000)

c. $348,000

d. ($156,000)

Reference no: EM132566935

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