using gain disposal o pense of $750, an increase in Accounts Receivable of $2,400, and a decrease in Accounts Payable of $5,200. What is the net cash flow from operating tivities? $37,850 $13,650 $22,950 O$12,150

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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When using the indirect method to prepare the statement of cash flows, net income is $25,000. There was a gain on disposal of an asset of $4,500, depreciation
expense of $750, an increase in Accounts Receivable of $2,400, and a decrease in Accounts Payable of $5,200. What is the net cash flow from operating
activities?
$37,850
$13,650
$22,950
$12,150
Transcribed Image Text:When using the indirect method to prepare the statement of cash flows, net income is $25,000. There was a gain on disposal of an asset of $4,500, depreciation expense of $750, an increase in Accounts Receivable of $2,400, and a decrease in Accounts Payable of $5,200. What is the net cash flow from operating activities? $37,850 $13,650 $22,950 $12,150
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