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49. In the course of preparing a company’s Statement of Cash Flows, the following figures are to be included in the calculation of net cash from operating activities:
$
Depreciation charges
980,000
Profit on sale of non-current assets
40,000
Increase in inventories
130,000
Decrease in receivables
100,000
Increase in payables
80,000
What will be the net effect of these items in the Statement of Cash Flows?
addition to operating profit of $990,000
addition to operating profit of $1,070,000
addition to operating profit of $890,000
subtraction from operating profit of $890,000
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