In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 82,000 Accounts payable decreased by 33,000 Accounts receivable increased by 40,000 Inventories increased by 20,000 Depreciation expense 60,000 Net cash provided by operating activities was:
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 82,000 Accounts payable decreased by 33,000 Accounts receivable increased by 40,000 Inventories increased by 20,000 Depreciation expense 60,000 Net cash provided by operating activities was:
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...
Related questions
Question
In preparing a company's statement of
| Net income | $ 82,000 |
|---|---|
| Accounts payable decreased by | 33,000 |
| 40,000 | |
| Inventories increased by | 20,000 |
| 60,000 |
Net cash provided by operating activities was:
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