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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
ABC company has current year net income $430,000. The total
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.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education