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 yoar was$59,509
Accounts payable decreased by25,500
Accounts receivable increased by32,500
Inventories increased by12,500
Cash dividends patd here15,500
Depreciation expersen mar27,500


Net cash provided by operating activities was

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Answer #1
Net cash provided by operating activities
Net Income $         59,500
Add:
Depreciation Expenses $         27,500
Less:
Account Payable decrease $         25,500
Account Receiavble Increase $         32,500
Inventories Increase by $         12,500
Net Cash from operating activities $         16,500
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