medium · Financial Accounting statement-of-cash-flows
A firm reports Net Income of $40,000 and Depreciation Expense of $15,000. During the year, Accounts Receivable increased by $8,000 and Inventory decreased by $5,000.
Using the indirect method, what is the Net Cash from Operating Activities?
- $42,000
- $37,000
- $68,000
- $52,000
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