Chisholm Associates Uses the Indirect Method to Prepare the Operating

question 65

Multiple Choice

Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Net income for the period was $67,000. What is the net cash flows from operating activities?

• A)$59,800
• B)$64,750
• C)$64,100
• D)$72,300

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