In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available:
Net income for the year was $ 58,500
Accounts payable decreased by 24,500
Accounts receivable decreased by 31,500
Inventories increased by 11,500
Cash dividends paid were 15,300
Depreciation expense was 33,500
Net cash provided by operating activities was:
A) $33,500
B) $87,500
C) $130,500
D) $72,800
E) $47,500
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Home » Business » In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: Net income for the year was $ 58,500 Accounts payable decreased by 24,500 Accounts receivable decreased by