In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $ 56,500 Accounts payable decreased by 22,500 Accounts receivable increased by 29,500 Inventories increased by 9,500 Cash dividends paid were 14,900 Depreciation expense was 24,500 Net cash provided by operating activities was:
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $ 56,500 Accounts payable decreased by 22,500 Accounts receivable increased by 29,500 Inventories increased by 9,500 Cash dividends paid were 14,900 Depreciation expense was 24,500 Net cash provided by operating activities was:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In preparing a company's statement of
| Net income for the year was | $ | 56,500 | |
| Accounts payable decreased by | 22,500 | ||
| 29,500 | |||
| Inventories increased by | 9,500 | ||
| Cash dividends paid were | 14,900 | ||
| 24,500 | |||
Net cash provided by operating activities was:
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