Question

In preparing a company's statement of cash flows for the most recent year using the indirect method

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was $71,000

Accounts payable increased by 37,000

Accounts receivable decreased by 63,000

Inventories decreased by 24,000

Cash dividends paid were 33,000

Depreciation expense was 58,000


Net cash provided by operating activities was:

Multiple Choice

  • $109,000 

  • $62,000 

  • $253,000 

  • $205,000

  • $108,000 

1 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Add a comment
Know the answer?
Add Answer to:
In preparing a company's statement of cash flows for the most recent year using the indirect method
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT