The following information is available from the current period financial statements: Net income $122,517 Depreciation expense 24,625 Increase in accounts receivable 15,293 Decrease in accounts payable (24,295) The net cash flows from operating activities using the indirect method is a.$122,517 b.$58,304 c.$107,554 d.$186,730
The following information is available from the current period financial statements: Net income $122,517 Depreciation expense 24,625 Increase in accounts receivable 15,293 Decrease in accounts payable (24,295) The net cash flows from operating activities using the indirect method is a.$122,517 b.$58,304 c.$107,554 d.$186,730
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 13MCQ
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Question
The following information is available from the current period financial statements:
Net income | $122,517 |
24,625 | |
Increase in accounts receivable | 15,293 |
Decrease in accounts payable | (24,295) |
The net
a.$122,517
b.$58,304
c.$107,554
d.$186,730
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