Multiple Choice
Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for 2015: 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 2015 of $157,800 (including $34,800 of depreciation expense) ,net cash flow from operating activities for 2015 is:
A) $202,400.
B) $132,800.
C) $164,800.
D) $221,700.
Correct Answer:
Verified
Correct Answer:
Verified
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