Question
Using the indirect method for preparing the statement of cash flows, what is the net cash flow from operating activities if net income is $39,000;
Using the indirect method for preparing the statement of cash flows, what is the net cash flow from operating activities if net income is $39,000; depreciation expense is $9,000; and the decrease in accounts payable is $5,000. a. $35,000 b. $43,000 c. $48,000 d. $53,000
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
