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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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
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