Question: Velma Inc., reported the following information: net income, $55,000; decrease in accounts receivable, $12,000; decrease in accounts payable, $6,500, and depreciation expense, $10,000. What

Velma Inc., reported the following information: net income, $55,000; decrease in accounts receivable, $12,000; decrease in accounts payable, $6,500, and depreciation expense, $10,000. What amount did Velma report as a cash inflow from operating activities on her Statement of Cash Flows? $50,500 $59,500 $83,500 $70,500 Previous Next

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