The net profit reported on the income statement for the current year was $50 000. Depreciation on property, plant and equipment was $31 000. What is the amount of cash flows from operating activities that would appear on the statement of cash flows prepared using the indirect method?
A) $19 000
B) $49 000
C) $80 000
D) $81 000

Question

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The Answer of The net profit reported on the income statement for the current year was $50 000. Depreciation on property, plant and equipment was $31 000. What is the amount of cash flows from operating activities that would appear on the statement of cash flows prepared using the indirect method?
A) $19 000
B) $49 000
C) $80 000
D) $81 000

The Net Profit Reported on the Income Statement for the Current