Multiple Choice
Carmen's Candies' Net Income was $40,000.Other accounts that changed included: Accounts Receivable decreased by $30,000;Merchandise Inventory increased by $20,000;Accounts Payable increased by $4,000;and Salaries Payable increased by $1,000.The amount of Net Cash Flow from Operating Activities using the indirect method is:
A) $33,000.
B) $47,000.
C) $55,000.
D) $61,000.
Correct Answer:
Verified
Correct Answer:
Verified
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