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In Its Most Recent Financial Year the Arrow Ltd Reported

Question 58

Multiple Choice

In its most recent financial year the Arrow Ltd reported that Accounts payable increased $13 000; inventory decreased $6000; profit was $41 000 and depreciation expense was $5000. On the statement of cash flows, what is net cash flow from operating activities is? (Use the indirect approach.)


A) $53 000
B) $65 000
C) $43 000
D) $55 000

Correct Answer:

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