In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was$52,000 Accounts payable increased by 18,000 Accounts receivable decreased by 25,000 Inventories increased by 5,000 Depreciation expense was 30,000 Net cash provided by operating activities was:
A. $120,000.
B. $70,000.
C. $130,000.
D. $80,000.
E. $60,000.
Answer: A
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