A Company Has a Net Income of $70,000 and Depreciation

question 64

Multiple Choice

A company has a net income of $70,000 and depreciation expenses of $20,000.During the year,its accounts payable balance decreased by $15,000.What is the net cash flow from operating activities using the indirect method for preparing the statement of cash flows?

• A)$90,000
• B)$105,000
• C)$50,000
• D)$75,000

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