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Business, 09.12.2019 22:31 daniel8orange

Nelson company's net income last year was $18,000 and cash dividends declared and paid to the company stockholders was $12,000.

charges in selected balance sheet accounts for the year appear below: increase(decreases)debit balances: accounts receivable $(6,000)inventory 5,000long-term investments 20,000credit balances: accumulated depreciation 12,000accounts payable 8,000accrued liabilities (7,000)taxes payable (3,000)based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would be :
a. $7,000
b. $30,000
c. $17,000
d. $29,000

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