In Preparing a Company's Statement of Cash Flows for the Most

Multiple Choice

In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: Income before taxes for the year was $60,000
Accounts payable decreased by $18,000
Accounts receivable decreased by $25,000
Inventories increased by $ 5,000
Depreciation expense was $30,000
Income taxes paid was $ 8,000
Net cash provided by operating activities was:

A) $120,000.
B) $44,000.
C) $70,000.
D) $84,000.
E) $30,000.