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The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities?

The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities?

FINANCIAL ACCOUNTING
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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The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities? Multiple Choice $205,950. $168,050. $231,050. $187,100.
Transcribed Image Text:The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities? Multiple Choice $205,950. $168,050. $231,050. $187,100.
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