6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are a deprecation expense of $13,000 and a gain on the sale of equipment of $4,000. In addition, accounts receivable increased by $16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and interest payable increased S1,200. Based on the above information, what would Crystal Bell's cash flow from operations using the indirect method? (A). $54,120 (B). $71,940 (C). $48,900 (D) $43,860
6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are a deprecation expense of $13,000 and a gain on the sale of equipment of $4,000. In addition, accounts receivable increased by $16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and interest payable increased S1,200. Based on the above information, what would Crystal Bell's cash flow from operations using the indirect method? (A). $54,120 (B). $71,940 (C). $48,900 (D) $43,860
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![6. Crystal Béll Company generated $48,900 in net income during the year.
Included in this number are a deprecation expense of $13,000 and a gain on the
sale of equipment of $4,000. In addition, accounts receivable increased by
$16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and
interest payable increased $1,200. Based on the above information, what would
Crystal Bell's cash flow from operations using the indirect method?
(A). $54,120
(B). $71,940
(C). $48,900
0)) $43,860](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19d0af30-479c-454a-9d7d-f53094c2e7ae%2Fe57c211d-63c7-43fc-94b3-048c66069bd0%2Fsmmzx9n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. Crystal Béll Company generated $48,900 in net income during the year.
Included in this number are a deprecation expense of $13,000 and a gain on the
sale of equipment of $4,000. In addition, accounts receivable increased by
$16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and
interest payable increased $1,200. Based on the above information, what would
Crystal Bell's cash flow from operations using the indirect method?
(A). $54,120
(B). $71,940
(C). $48,900
0)) $43,860
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