Question: When using the indirect method to prepare the statement of cash flows, net income is $40,000. There was a gain on disposal of an asset

When using the indirect method to prepare the statement of cash

When using the indirect method to prepare the statement of cash flows, net income is $40,000. There was a gain on disposal of an asset of \$4,500, depreciation expense of $1,050, a decrease in Accounts Receivable of $6,200, and an increase in Accounts Payable of $5,600. What is the net cash flow from operating activities? A. $37,250 B. $29,250 C. $48,350 D. $35,950

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