=+Prepaid expenses 7,500 8,000 Accounts payable (merchandise creditors) 51,000 58,000 The total amount reported for cash flows
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=+Prepaid expenses 7,500 8,000 Accounts payable
(merchandise creditors) 51,000 58,000 The total amount reported for cash flows from operating activities in the statement of cash flows, using the indirect method, is:
A. $33,000. C. $65,500.
B. $55,000. D. $77,000.
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