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Chen Company's Financial Statements Show a Net Income of $189,000

Question 24

Multiple Choice

Chen Company's financial statements show a net income of $189,000. The following items also appear on Chen's balance sheet:
Chen Company's financial statements show a net income of $189,000. The following items also appear on Chen's balance sheet: Using the indirect method, what is Chen's net cash flow from operating activities? A) $221,000 B) $136,000 C) $232,000 D) $272,000
Using the indirect method, what is Chen's net cash flow from operating activities?


A) $221,000
B) $136,000
C) $232,000
D) $272,000

Correct Answer:

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