Leather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current
Question:
Leather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current assets decreased by $4,000, and current liabilities increased by $8,000. How much was Leather Shop’s net cash provided by operating activities (indirect method)?
a. $40,000
b. $66,000
c. $48,000
d. $74,000
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Related Book For 
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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