Consider the Following Net Income, $95,000 Depreciation Expense $11,000 Increase in Accounts Receivable, $4,000
Consider the following:
Net income, $95,000
Depreciation Expense $11,000
Increase in accounts receivable, $4,000
Decrease in merchandise inventory, $20,000
Decrease in accounts payable, $8,000
Increase in income taxes payable, $3,000
Using the Indirect Method, the Net Cash provided by Operating Activities was:
A) $ 90,000
B) $106,000
C) $101,000
D) $117,000
Correct Answer:
Verified
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