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The Following Information Is Available from the Current Period Financial

Question 7

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\begin{array} { l r } \text { Net income } & \$ 165,000 \\\text { Depreciation expense } & 28,000 \\\text { Increase in accounts receivable } & 16,000 \\\text { Decrease in accounts payable } & 21,000\end{array}
The net cash flow from operating activities using the indirect method is


A) $230,000
B) $188,000
C) $198,000
D) $156,000

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