medium · Financial Accounting statement-of-cash-flows
In a reconciliation of Net Income to Cash Flow from Operations (CFO) using the indirect method, a company reports Net Income of $40,000, Depreciation of $15,000, an increase in Accounts Receivable of $8,000, and an increase in Accounts Payable of $5,000.
What is the resulting CFO?
- $52,000
- $68,000
- $37,000
- $42,000
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