What is net cash provided by operations ? increased$12,000Net income is $145,000, accounts payable$12,000 during the year,inventory decreased $8,000, andaccounts receivable increased $15,000during the year. Under the indirectmethod, what is net cash provided byoperations?

Step 1: Explanation for each item given in the questionNet Income: Starting point for cash flow…

Answered: increased $12,000 Net income is…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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If Accounts receivable increase by R.O.100,000. Income reported the income statement for the year was R.O.2,800,000. Excluding of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is Select one: a. R.O.3,500,000b. R.O.2,800,000 c R.O.2,700,000 d. R.O.2,900,000
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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
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What is net cash provided by operations ?

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increased $12,000 Net income is $145,000, accounts payable $12,000 during the year, inventory decreased $8,000, and accounts receivable increased $15,000 during the year. Under the indirect method, what is net cash provided by operations?