Smith Corporation Reported Net Income of $54,000,depreciation Expenses of $10,000,an

question 32

Multiple Choice

Smith Corporation reported net income of $54,000,depreciation expenses of $10,000,an increase in Accounts Payable of $3,000 and a decrease in Accounts Receivable of $1,500.Under the indirect method,net cash flow from operating activities is:

• A)$62,500.
• B)$59,500.
• C)$68,500.
• D)$65,500.

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Definitions:

Maturity Value

The amount of the note that is due on the date of maturity (Principal + Interest).

Principal Amount

The original sum of money borrowed in a loan, or the original investment in a financial instrument, before interest.

Maturity Value

Maturity Value is the amount to be paid to the holder of a financial instrument at its maturity date, including the principal and any remaining interest.