In 2007, XYZ Company had a net income of $312,000 and reported the following:
Decrease in accounts receivable: $10,000
Gain on sale of building: $14,000
Increase in accounts payable: $12,000
Issuance of common stock: $90,000
Retirement of debt: $45,000
Given this data, the amount of cash flow from operations was ______________.
Correct Answer: $320,000
Explanation:
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