Question

Collins Corporation reported a net income of $35,000, depreciation expenses of $20,000, an increase in Accounts Payable of $2,000, and an increase in Accounts Receivable of $3,000. Net cash flow from operating activities using the indirect method is .....

A. $55,000.

B. $54,000.

C. $50,000.

D. $56,000.

Answer 1

B.

Answer 2

@The_Jokers_wife thank you

Answer 3

welcome