In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 74,000
Accounts payable decreased by 29,000
Accounts receivable increased by 36,000
Inventories increased by 16,000
Depreciation expense was 52,000
Net cash provided by operating activities was:
(A) $71,000.
(B) $45,000.
(C) $135,000.
(D) $103,000.
(E) $74,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How do you suppose the demographics of an aging population of "baby boomers" in the united states will affect the demand for milk? justify your answer?
Answers (1)
EA1. LO 7.2Blue Book printing is budgeting sales of 25,000 units and already has 5,000 in beginning inventory. How many units must be produced to also meet the 7,000 units required in ending inventory?
Answers (1)
Manuel rios wishes to determine how long it will take an initial deposit of $10000 to double if he earns 10% annual interest? a. 5.86 years b. 6.78 years c. 7.27 years d. 8.26 years
Answers (1)
Suppose Ukraine subsidizes Ukrainian wheat farmers, while Russia offers no subsidy to Russian wheat farmers. As a result of the Ukrainian subsidy, sales of Ukrainian wheat to Russiaa. may prompt Russian farmers to invoke the infant-industry argument.
Answers (1)
Crane Company purchased equipment on January 1 at a list price of $120000, with credit terms 4/10, n/30. Payment was made within the discount period. Crane paid $4750 sales tax on the equipment and paid installation charges of $2100.
Answers (1)
New Questions in Business
For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio is less than the weighted average of the betas of the individual stocks. b.
Answers (1)
What publication can give you an idea of how administrative jobs are going to change in the future? A: Office Pro B: Occupational Outlook Handbook C: From 9 to 5 D: The Executary
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted.
Answers (1)
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)