Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by $8,800, Accounts Payable decreased by $8,900, Depreciation Expense was $11,800, and Accounts Recelvable Increased by $8,300. If the Indirect method is used, what is the net cash provided by operating activities? Multiple Cholce $12.300 $67,300 $32.900 $50,700
Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by $8,800, Accounts Payable decreased by $8,900, Depreciation Expense was $11,800, and Accounts Recelvable Increased by $8,300. If the Indirect method is used, what is the net cash provided by operating activities? Multiple Cholce $12.300 $67,300 $32.900 $50,700
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 54P
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![MC Qu. 12-85 Harlow Industries reported net income of...
Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by
$8,800, Accounts Payable decreased by $8,900, Depreclation Expense was $11,800, and Accounts Recelvable
Increased by $8,30o. If the Indirect method is used, what is the net cash provided by operating activitles?
Multiple Choice
$12,300
$67,300
$32,900
$50.700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7f57acd-42b9-466e-a85d-4609f38f005a%2F70d5b8c2-8abe-45c3-9ec1-a1bc1e10c769%2Fzu38qq8g_processed.png&w=3840&q=75)
Transcribed Image Text:MC Qu. 12-85 Harlow Industries reported net income of...
Harlow Industries reported net Income of $29,500 for the current year. During the year, Inventory decreased by
$8,800, Accounts Payable decreased by $8,900, Depreclation Expense was $11,800, and Accounts Recelvable
Increased by $8,30o. If the Indirect method is used, what is the net cash provided by operating activitles?
Multiple Choice
$12,300
$67,300
$32,900
$50.700
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