A company generates net income of $75,000 during the year. In that same year, accounts payable decreased

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A company generates net income of $75,000 during the year. In that same year, accounts payable decreased $5,000, inventory decreased by $2,000, and accounts receivable increased by $4,000. Using the indirect method, calculate operating cash flows.

a). $66,000

b). $76,000

c). $68,000

d). $74,000

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Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: Jan 15, 2021 03:03 PM

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A company generates net income of $75,000 during the year. In that same year, accounts payable decreased

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Managerial Accounting

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