Redhouse & Associates , LLP has net income of $49,000 and the following related items : Depreciation expense : $5,000 Accounts receivable increase : $2,000 Inventory decrease : $ 12,000 Accounts payable decrease : $4,000 Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities . $44,000 None of the listed choices are correct $ 40,000 $ 60,000 $48,000

Redhouse & Associates , LLP has net income of $49,000 and the following related items : Depreciation expense : $5,000 Accounts receivable increase : $2,000 Inventory decrease : $ 12,000 Accounts payable decrease : $4,000 Using the indirect method , calculate Redhouse & Associates ' net cash provided by operating activities . $44,000 None of the listed choices are correct $ 40,000 $ 60,000 $48,000

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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Kela Corporation reports net income of $510,000 that includes depreciation expense of $85,000. Also, cash of $46,000 was borrowed on a 3-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice O $641,000. $595,000. O $556,000 $425,000
9. What is the amount of depreciation under cash basis?
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