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XYZ Company reports net income of $850,000. Depreciation Expense is $60,000, Accounts Receivable increased $30,000,...

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Question

Accounting

XYZ Company reports net income of $850,000. Depreciation Expense is $60,000, Accounts Receivable increased $30,000, and Accounts Payable decreased $10,000. Determine net cash flows from operating activities using the indirect method.

A. $870,000

B. $830,000

C. $810,000

D. $750,000

E. $780,000

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