The following information is available from the current period financial statements: Net income $119,730  Depreciation expense 23,494  Increase in accounts receivable 17,600  Decrease in accounts payable (23,600) The net cash flows from operating activities using the indirect method is a.$102,024 b.$119,730 c.$184,424 d.$55,036

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available from the current period financial statements:

Net income $119,730 
Depreciation expense 23,494 
Increase in accounts receivable 17,600 
Decrease in accounts payable (23,600)

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

a.$102,024
b.$119,730
c.$184,424
d.$55,036
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