Redhouse & Associates , LLP has net income of $49,000 and the following related items : Depreciation expense : $5,000 Accounts receivable increase : $2,000 Inventory decrease : $ 12,000 Accounts payable decrease : $4,000 Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities . $44,000 None of the listed choices are correct $ 40,000 $ 60,000 $48,000
Redhouse & Associates , LLP has net income of $49,000 and the following related items : Depreciation expense : $5,000 Accounts receivable increase : $2,000 Inventory decrease : $ 12,000 Accounts payable decrease : $4,000 Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities . $44,000 None of the listed choices are correct $ 40,000 $ 60,000 $48,000
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 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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Redhouse & Associates , LLP has net income of $49,000 and the following related items :
Inventory decrease : $ 12,000
Accounts payable decrease : $4,000
Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities .
$44,000
None of the listed choices are correct
$ 40,000
$ 60,000
$48,000
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