Norbury Corporation's net income last year was $34,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below:
Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:
A) $52,000
B) $66,000
C) $53,000
D) $16,000
Correct Answer:
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