Question: Use the indirect method to answer the question. The following information is available for Armstrong Company: Bet income $450 Depreciation expense 80 Decrease in accounts

Use the indirect method to answer the question. The following information is available for Armstrong Company: Bet income $450 Depreciation expense 80 Decrease in accounts receivable 20 Increase in inventories 15 Increase in plant and equip $170 Payment of dividend 10 Increase in longterm debt 100 Decrease in accounts payable 30 What is cash from financing activities for Armstrong Company? A$70 B$60 C$90 D($110)

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