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Chen Company's financial statements show a net income of $184,000. The following items also appear on Chen's balance sheet: Depreciation expense $40,000 Accounts receivable decrease
Chen Company's financial statements show a net income of $184,000. The following items also appear on Chen's balance sheet: Depreciation expense $40,000 Accounts receivable decrease 12,000 Inventory increase 28,000 Accounts payable increase 8,000 Using the indirect method, what is Chen's net cash flow from operating activities? Answer A. $232,000 B. $272,000 C. $216,000 D. $136,000
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Management Accounting Information For Decision Making
Authors: Anthony A. Atkinson
7th Edition
1618533517, 9781618533517
