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Appletree Ltd. reported net income of $10,000 for the year. During the year, accounts receivable...

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Accounting

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Appletree Ltd. reported net income of $10,000 for the year. During the year, accounts receivable decreased $3,000, inventory increased $5,000, accounts payable increased by $11,000, and depreciation expense of $6,000 was recorded. Using the indirect method, operating activities: Select one: a. provided net cash of $25,000 b. provided net cash of $3,000 c. used net cash of $3,000 d. provided net cash of $7,000

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