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The Net Income Reported on the Income Statement for the Current

Question 52

Multiple Choice

The net income reported on the income statement for the current year was $40,000.Depreciation Expense recorded on fixed assets was $21,000.What is the net cash flow from operations that would appear on a cash flow statement using the indirect method?


A) $40,000
B) $61,000
C) $21,000
D) $19,000

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