he following information is available from the current period financial statements: Net income $165,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 ​ The net cash flow from operating activities using th

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available from the current period financial statements:

Net income

$165,000

Depreciation expense

28,000

Increase in accounts receivable

16,000

Decrease in accounts payable

21,000

The net cash flow from operating activities using the indirect method is  

  a.
$156,000
  b.
$188,000
  c.
$198,000
  d.
$230,000
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