Multiple Choice
The following data is provided for last year. Net income was $30,000. Current assets (other than cash) increased by $12,000 and current liabilities increased by $8,000. Under the indirect method, the cash flows from operating activities would be:
A) $34,000.
B) $10,000.
C) $30,000.
D) $26,000.
Correct Answer:
Verified
Correct Answer:
Verified
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