The Net Profit Reported on the Income Statement for the Current

question 35

Multiple Choice

The net profit reported on the income statement for the current year was $50 000.Depreciation on property,plant and equipment was $31 000.What is the amount of cash flows from operating activities that would appear on the statement of cash flows prepared using the indirect method?

• A) $19 000
• B) $49 000
• C) $81 000
• D) $80 000