Multiple Choice
The following data is provided for last year. Net income was $210,000. Current receivables and prepaid expenses increased by $10,000 and $2,000, respectively. Current payables decreased by $8,000. Under the indirect method, the cash flows from operating activities would be:
A) $190,000.
B) $206,000.
C) $230,000.
D) $214,000.
Correct Answer:
Verified
Correct Answer:
Verified
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