Advanced Robotics earned net income of ($60,000) after deducting depreciation of ($4,000) and all other expenses. Current

Question:

Advanced Robotics earned net income of $$60,000$ after deducting depreciation of $$4,000$ and all other expenses. Current assets increased by $$3,000$ and current liabilities decreased by $$5,000.$ Using the indirect method, how much was Advanced Robotics’ cash flows from operating activities?

a. $$48,000$

b. $$50,000$

C. $$52,000$

d. $$56,000$

Fantastic news! We've Found the answer you've been seeking!