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In Preparing a Company's Statement of Cash Flows for the Most

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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
1.
 Net income for the year was $52,000 Accounts payable decreased by $18,000 Accounts receivable increased by $25,000 Inventories increased by $5,000 Cash dividends paid were $14,000 Depreciation expense was $20,000\begin{array}{ll}\text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable decreased by } & \$ 18,000 \\\hline \text { Accounts receivable increased by } & \$ 25,000 \\\hline \text { Inventories increased by } & \$ 5,000 \\\hline \text { Cash dividends paid were } & \$ 14,000 \\\hline \text { Depreciation expense was } & \$ 20,000\end{array}

Net cash provided by operating activites was:
A) $120,000\$ 120,000 .
B) $70,000\$ 70,000 .
C) $110,000\$ 110,000
D) $24,000\$ 24,000 .
E) $71,000\$ 71,000


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