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$56,500 Accounts payable decreased by 22,500 Accounts receivable increased by 29,500 Inventories increased by 9,500 Cash dividends paid were 14,900 Depreciation expense was 24,500 Net cash provided by operating activities was:

Activities under Cash flow statements are: Cash flow from operating activities Cash flows from…

Answered: In preparing a company's statement of…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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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	$	56,500
Accounts payable decreased by		22,500
Accounts receivable increased by		29,500
Inventories increased by		9,500
Cash dividends paid were		14,900
Depreciation expense was		24,500

Net cash provided by operating activities was:

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