The following information has been provided to you by RKJ Company: Net income $ 310,500 Decrease in accounts payable $ 118,200 Increase in inventory $ 27,250 Increase in accounts receivable $ 27,150 Decrease in bonds payable $ 27,100 Loss on sale of a depreciable asset $ 20,050 Depreciation expense $ 45,250 Decrease in income taxes payable $ 14,100 Using the indirect method, what is the net cash provided by operating activities? Multiple Choice $189,100. $204,950. $169,050. $232,050.
The following information has been provided to you by RKJ Company: Net income $ 310,500 Decrease in accounts payable $ 118,200 Increase in inventory $ 27,250 Increase in accounts receivable $ 27,150 Decrease in bonds payable $ 27,100 Loss on sale of a depreciable asset $ 20,050 Depreciation expense $ 45,250 Decrease in income taxes payable $ 14,100 Using the indirect method, what is the net cash provided by operating activities? Multiple Choice $189,100. $204,950. $169,050. $232,050.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following information has been provided to you by RKJ Company:
| Net income | $ | 310,500 |
| Decrease in accounts payable | $ | 118,200 |
| Increase in inventory | $ | 27,250 |
| Increase in accounts receivable | $ | 27,150 |
| Decrease in bonds payable | $ | 27,100 |
| Loss on sale of a |
$ | 20,050 |
| Depreciation expense | $ | 45,250 |
| Decrease in income taxes payable | $ | 14,100 |
Using the indirect method, what is the net cash provided by operating activities?
Multiple Choice
-
$189,100.
-
$204,950.
-
$169,050.
-
$232,050.
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