The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $121,189 39,129 24,264 24,712 The net cash flows from operating activities using the indirect method is a. $121,189 b. $81,612 c. $111,342 d. $209,294
The following information is available from the current period financial statements: Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $121,189 39,129 24,264 24,712 The net cash flows from operating activities using the indirect method is a. $121,189 b. $81,612 c. $111,342 d. $209,294
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 5EA: What adjustment(s) should be made to reconcile net income to net cash flows from operating...
Question

Transcribed Image Text:The following information is available from the current period financial statements:
Net income
Depreciation expense
Increase in accounts receivable
Decrease in accounts payable
$121,189
39,129
24,264
24,712
The net cash flows from operating activities using the indirect method is
a. $121,189
b. $81,612
c. $111,342
d. $209,294
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