ABC company has current year net income $430,000. The total depreciation expenses for the following year are $67,000. Within the year the company has experienced that the account receivable (from sales to customers) are being increased to $35,000 and the increase of account payable (all to suppliers) is $56,000.   Requirements Compute the cash amount delivered by or being used for the operating activities through the indirect method for the year ended 31, December 2014.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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ABC company has current year net income $430,000. The total depreciation expenses for the following year are $67,000. Within the year the company has experienced that the account receivable (from sales to customers) are being increased to $35,000 and the increase of account payable (all to suppliers) is $56,000.

 

Requirements

Compute the cash amount delivered by or being used for the operating activities through the indirect method for the year ended 31, December 2014.

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