The following information is available from the current period financial statements: Net income $137,243 Depreciation expense 25,529 Increase in accounts receivable 15,102 Decrease in accounts payable 21,567 The net cash flow from operating activities using the indirect method is a.$199,441 b.$75,045 c.$137,243 d.$126,103
The following information is available from the current period financial statements: Net income $137,243 Depreciation expense 25,529 Increase in accounts receivable 15,102 Decrease in accounts payable 21,567 The net cash flow from operating activities using the indirect method is a.$199,441 b.$75,045 c.$137,243 d.$126,103
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 | $137,243 |
| 25,529 | |
| Increase in |
15,102 |
| Decrease in accounts payable | 21,567 |
The net cash flow from operating activities using the indirect method is
a.$199,441
b.$75,045
c.$137,243
d.$126,103
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