Business, 11.05.2021 15:40 palcochran1313

7. Net cash flow from operating activities for 2018 for Spencer Corporation was $450,000. The following items are reported on the financial statements for 2018: Cash dividends paid on common stock $20,000 Depreciation and amortization 12,000 Increase in accounts receivable 24,000 Based on the information above, Spencer's net income for 2018 was A) $462,000. B) $446,000. C) $414,000. D) $406,000.

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7. Net cash flow from operating activities for 2018 for Spencer Corporation was $450,000. The follow...

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