Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations? (a) $102,000. (b) $112,000. (c) $124,000. (d) $136,000.
Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations? (a) $102,000. (b) $112,000. (c) $124,000. (d) $136,000.
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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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
Transcribed Image Text:Net income is $132,000, accounts payable increased $10,000 during the
year, inventory decreased $6,000 during the year, and accounts receivable
increased $12,000 during the year. Under the indirect method, what is net
cash provided by operations?
(a) $102,000.
(b) $112,000.
(c) $124,000.
(d) $136,000.
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9781337788281
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James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Cengage Learning