9. Net income is $132,000, accounts payable increased $10000 during the year, inventory decreased $6000 during the year, and accounts receivable increased $12000 during the year. Under the indirect method, what is net cash provided by operating activities? (a) $102,000. (b) $112,000. (c) $124,000. (d) $136,000.
9. Net income is $132,000, accounts payable increased $10000 during the year, inventory decreased $6000 during the year, and accounts receivable increased $12000 during the year. Under the indirect method, what is net cash provided by operating activities? (a) $102,000. (b) $112,000. (c) $124,000. (d) $136,000.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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