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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Smith Corporation reported net income of $54,000, depreciation expenses of $10,000, an increase in Accounts Payable of $3,000 and a decrease in Accounts Receivable of $1,500. Under the indirect method, net cash flow from operating activities is:
A) $65,500.
B) $68,500.
C) $59,500.
D) $62,500.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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6 years ago
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majestico Author
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#2
6 years ago
Thanks for attempting to answer. You were correct in your response!
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#3
5 years ago
Happy to help Slight Smile
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