Question
XYZ Company reports net income of $850,000. Depreciation Expense is $60,000, Accounts Receivable increased $30,000, and Accounts Payable decreased $10,000. Determine net cash flows from
XYZ Company reports net income of $850,000. Depreciation Expense is $60,000, Accounts Receivable increased $30,000, and Accounts Payable decreased $10,000. Determine net cash flows from operating activities using the indirect method.
A. $870,000
B. $830,000
C. $810,000
D. $750,000
E. $780,000
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Financial Accounting A User Perspective
Authors: Robert E. Hoskin, Maureen R. Fizzell, Donald C. Cherry
4th Canadian Edition
0470834455, 978-0470834459
