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Smith Corporation Reported Net Income of $54,000,depreciation Expenses of $10,000,an

Question 32

Multiple Choice

Smith Corporation reported net income of $54,000,depreciation expenses of $10,000,an increase in Accounts Payable of $3,000 and a decrease in Accounts Receivable of $1,500.Under the indirect method,net cash flow from operating activities is:


A) $62,500.
B) $59,500.
C) $68,500.
D) $65,500.

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