Current Attempt in ProgressPina Colada Corp. reported net income of$351000 for the year. During the year, accountsreceivable increased by $25000, accounts payabldecreased by $11000 and depreciation expense c$54000 was recorded. Net cash provided byoperating activities for the year isO $369000.O $312000.O $351000.O $333000.

As per the indirect method, the cash flows from OA is determined after adjusting the net income by…

Pina Colada Corp. reported net income of $351000 for the year. During the year, account receivable increased by $25000, accounts paya decreased by $11000 and depreciation expens $54000 was recorded. Net cash provided by operating activities for the year is O $369000. O $312000. O $351000. O $333000.

Pina Colada Corp. reported net income of $351000 for the year. During the year, account receivable increased by $25000, accounts paya decreased by $11000 and depreciation expens $54000 was recorded. Net cash provided by operating activities for the year is O $369000. O $312000. O $351000. O $333000.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 4SEA

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