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What amount of cash flow from continuing operating activity

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Reference no: EM132701805

Problem 1: Fine furniture company has a net income of $50,000. Accounts receivable increased by$20,000; accounts payable increased by $4,000; and salaries payable decreased by$1,000. The amount of cash flow from continuing operating activities under the indirect method is

A. $43,000
B. $37,000
C. $65,000
D. $55,000

Reference no: EM132701805

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