Multiple Choice
Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2009: accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for 2009 of $157,800 (including $34,800 of depreciation expense) , net cash flow from operating activities for 2009 is:
A) $202,400.
B) $132,800.
C) $164,800.
D) $221,700.
Correct Answer:
Verified
Correct Answer:
Verified
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