Business, 16.07.2021 02:50, charity56

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $52,000
Accounts payable increased by 18,000
Accounts receivable decreased by 25,000
Inventories increased by 5,000
Depreciation expense was 30,000
Net cash provided by operating activities was:
a) $80,000
b) $70,000
c) $130,000
d) $120,000
e) $60,000

Answers: 2

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In preparing a company's statement of cash flows for the most recent year using the indirect method,...