Multiple Choice
Toga Corporation reported profit of $50,000 for the year.During the year,trade receivables increased by $8,000,trade payables decreased by $4,000 and depreciation expense of $6,000 was recorded.Net cash provided by operating activities for the year,using the indirect method,is
A) $54,000.
B) $44,000.
C) $56,000.
D) $50,000.
Correct Answer:

Verified
Correct Answer:
Verified
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