40. Fidelity Furnitures net income was $25,000. Accounts receivable decreased by $18,000, merchandise inventory increased...
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40. Fidelity Furnitures net income was $25,000. Accounts receivable decreased by $18,000, merchandise inventory increased by $7,000, accounts payable increased by $4,000, and salaries payable decreased by $3,000. The net cash flow from operating activities using the indirect method is:
a. $57,000
b. $43,000
c. $37,000
d. $15,000
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