Fidelity Furniture's Net Income was $25,000.Other accounts that changed included: Accounts Receivable increased by $18,000;Merchandise Inventory decreased by $7,000;Accounts Payable increased by $4,000;and Salaries Payable decreased by $3,000.The amount of Net Cash Flow from Operating Activities using the indirect method is:
A) $57,000.
B) $43,000.
C) $37,000.
D) $15,000.
Correct Answer:
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