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Carpet World Inc If Carpet World Uses the Indirect Method to Prepare the \begin{array}

Question 124

Multiple Choice

Carpet World Inc.reported the following information for 2016 and 2017. 20162017Accounts receivable $51,000$57,000Inventories 42,00039,000 Accounts payable43,00048,000 Net income60,000 Depreciation expense8,000\begin{array} { r r } &\underline { \mathbf { 2 0 1 6 } } & \underline { \mathbf { 2 0 1 7 } } \\ \text {Accounts receivable }&\$ 51,000 & \$ 57,000 \\\text {Inventories }& 42,000 & 39,000 \\\text { Accounts payable}& 43,000 & 48,000 \\\text { Net income}& & 60,000 \\\text { Depreciation expense}& & 8,000 \end{array} If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2017?


A) $64,000
B) $66,000
C) $68,000
D) $70,000

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