Smith Corporation reported net income of $54,000,depreciation expenses of $10,000,an increase in Accounts Payable of $3,000 and an increase in Accounts Receivable of $1,500.Under the indirect method,net cash flow from operating activities is:
A) $62,500.
B) $59,500.
C) $48,500.
D) $65,500.
Correct Answer:
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