Multiple Choice
The following information is available from the current period financial statements: Net income
$165,000
Depreciation expense
28,000
Increase in accounts receivable
16,000
Decrease in accounts payable
21,000
The net cash flow from operating activities using the indirect method is
A) $230,000
B) $188,000
C) $198,000
D) $156,000
Correct Answer:
Verified
Correct Answer:
Verified
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