In Wallace Company, Net Income Is $290,000

question 129

Multiple Choice

In Wallace Company, net income is $290,000. If accounts receivable increased $140,000 and accounts payable decreased $40,000, net cash provided by operating activities using the indirect method is:

• A) $110,000.
• B) $190,000.
• C) $390,000.
• D) $470,000.

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