Hulmez Corporation reported net income of $50,000 in 2018. The companys financial statements also included:...
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Hulmez Corporation reported net income of $50,000 in 2018. The companys financial statements also included:
Depreciation expense $ 2,000
Gain from sale of building 5,000
Increase in Accounts receivable 6,000
Decrease in Inventory 2,000
Increase in Accounts Payable 2,000
Purchase of inventory 10,000
On its 2018 Statement of Cash Flows, what is the Net Cash Provided by Operating Activities under the Indirect method?
A) $45,000.
B) $55,000.
C) $41,000.
D) $51,000.
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