Business, 06.03.2021 01:10 toya96

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $ 52,000
Accounts payable decreased by 18,000
Accounts receivable increased by 25,000
Inventories increased by 5,000
Depreciation expense was 30,000
Net cash provided by operating activities was
A. $34,000.
B. $60,000.
C. $70,000.
D. $80,000.
E. $52,000.

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