Serenity, Inc.'s Receivable increased by $44,000 and its Accounts Payable increased by $29,000. What is the net effect on cash from operations under the indirect method?
A) +$73,000
B) +$15,000
C) -$15,000
D) -$73,000
C) -$15,000
Explanation: increase A/R subtracted from NI and increase A/P added;
ex: -$44,000 + $29,000 = -$15,000
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