The following information is available from the current period financial statements: Net income $116,183  Depreciation expense 22,347  Increase in accounts receivable 16,987  Decrease in accounts payable (18,309)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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The following information is available from the current period financial statements:

Net income $116,183 
Depreciation expense 22,347 
Increase in accounts receivable 16,987 
Decrease in accounts payable (18,309)

The net cash flows from operating activities using the indirect method is

a.$58,540
b.$173,826
c.$116,183
d.$103,234



 

 

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