Question

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available $53,000 18,100 Net income for the year was Accounts payable increased by Accounts receivable decreased by25,100 Inventories increased by Depreciation expense was 5,200 30,300 Net cash provided by operating activities was Multiple Choice $121,300 $60,700 $71,100 $81,500 $131,700

Answer 1

Correct answer is: $1,21,300
Workings:
Cash flows from operating activities:
Net Income	53,000
Depreciation expense	30,300
Decrease in accounts receivables	25,100
Increase in inventories	-5,200
Increase in accounts payable	18,100
Net cash provided by operating activities:	1,21,300