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Gryphon Corporation reported net income of $75,000 for the year. During the year, accounts receivable DECREASES by $6000, accounts payable INCREASED by $3000, there were
Gryphon Corporation reported net income of $75,000 for the year. During the year, accounts receivable DECREASES by $6000, accounts payable INCREASED by $3000, there were no gains or losses, and depreciation expense of $5000 was recorded. Using the indirect method, cash provided by operating activities for the year is:
a) $89,000
b) $71,000
c) $83,000
d) $73,000
is the answer A, B, or C because ive received 3 different answers.
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