The following information is available from the current period financial statements: Net income $136,519 Depreciation expense 20,671 Increase in accounts receivable 17,801 Decrease in accounts payable 29,314 The net cash flow from operating activities using the indirect method is a.$204,305 b.$110,075 c.$136,519 d.$68,733
The following information is available from the current period financial statements: Net income $136,519 Depreciation expense 20,671 Increase in accounts receivable 17,801 Decrease in accounts payable 29,314 The net cash flow from operating activities using the indirect method is a.$204,305 b.$110,075 c.$136,519 d.$68,733
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 10MCQ
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Question
The following information is available from the current period financial statements:
Net income | $136,519 |
20,671 | |
Increase in |
17,801 |
Decrease in accounts payable | 29,314 |
The net cash flow from operating activities using the indirect method is
a.$204,305
b.$110,075
c.$136,519
d.$68,733
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