Cinno Company Reported Net Income of $20,000 for the Year

question 25

Multiple Choice

Cinno Company reported net income of $20,000 for the year ended December 31,2018.During the year,inventories decreased by $7,000,accounts payable decreased by $8,000,depreciation expense was $10,000,and accounts receivable increased by $6,500.Net cash provided by operations in 2018,computed using the indirect method,was:

• A)$10,500.
• B)$22,500.
• C)$38,500.
• D)$51,500.

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