13. Statement of Cash Flows
Operating Activities: Indirect Method
Multiple Choice
Multiple ChoiceA company reported net income of $250,000. Depreciation and amortization totaled $120,000. In total, Current assets excluding cash increased by $25,000 and current liabilities increased by 16,000. The company also had a gain on the sale of equipment of $4,000. Using the indirect method, what are cash flows from operating activities?
A
$357,000
B
$365,000
C
$375,000
D
$383,000
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