In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$55,000? Accounts payable increased by 21,000? Accounts receivable decreased by 31,000? Inventories decreased by 8000? Cash dividends paid 17,000? Depreciation expense 26,000? Net cash provided by operating activities was:
A. $141,000.
B. $30,000.
C. $77,000.
D. $125,000.
E. $76,000.
Answer: A
Business
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