Assume May Co. is preparing the operating section using the indirect method. May Co....
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Accounting
Assume May Co. is preparing the operating section using the indirect method.
May Co. reported net income of $200,000 for the year and also had the following items:
Decrease in accounts receivable: $5,000
Decrease in accounts payable: $9,000
Depreciation expense: $21,000
What is May Co.s net cash flow from operating activities?
$225,000
$193,000
$235,000
$217,000
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