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Question
The following information is available from the current period financial statements:
Net income $175,000
Depreciation expense 28,000
Increase in accounts receivable 16,000
Decrease in accounts payable (21,000)
The net cash flows from operating activities using the indirect method is
a. $166,000
b. $184,000
c. $110,000
d. $240,000
Answer
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