Leather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current

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Leather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current assets decreased by $4,000, and current liabilities increased by $8,000. How much was Leather Shop’s net cash provided by operating activities (indirect method)?

a. $40,000

b. $66,000

c. $48,000

d. $74,000

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Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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