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Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? /

Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? /

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? / Industrias Harlow report una utilidad neta de $56,000 por el año actual. Durante este año, el Inventario disminuyó por $19,600, Cuentas por pagar disminuyó por $22,400, el Gasto por Depreciación fue de $28,000 y Cuentas por cobrar se incrementó por $18,200. Si se utiliza el método indirecto, ¿cuál es el flujo de efectivo neto provisto por las actividades de operación? $29,400 144,200 $107,800 O $63,000
Transcribed Image Text:Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? / Industrias Harlow report una utilidad neta de $56,000 por el año actual. Durante este año, el Inventario disminuyó por $19,600, Cuentas por pagar disminuyó por $22,400, el Gasto por Depreciación fue de $28,000 y Cuentas por cobrar se incrementó por $18,200. Si se utiliza el método indirecto, ¿cuál es el flujo de efectivo neto provisto por las actividades de operación? $29,400 144,200 $107,800 O $63,000
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