Accounts receivable from sales transactions were $42,000 at the beginning of the year and $59,000 at the end of the year. Net income reported on the income statement for the year was $75,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is

Select one:

a. $116,000

b. $58,000

c. $92,000

d. $134,000

The following information is available from the current period financial statements:

Net income	$135,000
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

Select one:

a. $168,000

b. $126,000

c. $200,000

d. $158,000

A building with a book value of $104,000 is sold for $153,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows:

Select one:

a. an increase of $153,000 from investing activities

b. an increase of $104,000 from investing activities

c. an increase of $153,000 from investing activities and a deduction from net income of $49,000

d. an increase of $104,000 from investing activities and an addition to net income of $49,000

If a gain of $16,000 is realized in selling (for cash) office equipment having a book value of $64,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

Select one:

a. $48,000

b. $80,000

c. $16,000

d. $64,000