In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 82,000 Accounts payable decreased by 33,000 Accounts receivable increased by 40,000 Inventories increased by 20,000 Depreciation expense 60,000 Net cash provided by operating activities was:
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 82,000 Accounts payable decreased by 33,000 Accounts receivable increased by 40,000 Inventories increased by 20,000 Depreciation expense 60,000 Net cash provided by operating activities was:
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 27BEB: Roberts Company provided the following partial comparative balance sheets and the income statement...
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Question
In preparing a company's statement of cash flows using the indirect method, the following information is available:
| Net income | $ 82,000 |
|---|---|
| Accounts payable decreased by | 33,000 |
| Accounts receivable increased by | 40,000 |
| Inventories increased by | 20,000 |
| 60,000 |
Net cash provided by operating activities was:
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