Toga Corporation reported profit of $50,000 for the year. During the year, trade receivables increased...
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Accounting
Toga Corporation reported profit of $50,000 for the year. During the year, trade receivables increased by $8,000, trade payables decreased by $4,000 and depreciation expense of $6,000 was recorded. Net cash provided by operating activities for the year, using the indirect method, is
A - $50,000.
B - $56,000.
C - $44,000.
D - $54,000.
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