Mayfair company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Using the indirect method, net cash flows from operating activities for the year is:
A) $25,000.
B) $45,000.
C) $29,000.
D) $30,000.
A
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