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Business, 28.05.2020 04:57 rosameza2002ov62ci

Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2018: Accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for 2018 of $157,800 (including $34,800 of depreciation expense), net cash flow from operating activities for 2018 is:

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