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Chisholm Associates Uses the Indirect Method for Preparing the Statement

Question 83

Multiple Choice

Chisholm Associates uses the indirect method for preparing the statement of cash flows.The following accounts and balances were drawn from the company's accounting records:
Chisholm Associates uses the indirect method for preparing the statement of cash flows.The following accounts and balances were drawn from the company's accounting records: Net income for the period was $80,000.The net cash flows from operating activities would be: A) $70,400. B) $65,600. C) $76,000. D) $94,400.
Net income for the period was $80,000.The net cash flows from operating activities would be:


A) $70,400.
B) $65,600.
C) $76,000.
D) $94,400.

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