The following data is provided for last year. Net Income was $30,000. Current assets (other than cash) decreased by $12,000 and current liabilities decreased by $8,000. Under the indirect method, the cash flows from operating activities would be:
A. $34,000.
B. $30,000.
C. $10,000.
D. $26,000.
Ans: A. $34,000.
($30000+$12000-$8000)
Mathematics
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