Source Today earned net income of ($ 60,000) after deducting depreciation of ($ 4,000) and all other

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Source Today earned net income of \(\$ 60,000\) after deducting depreciation of \(\$ 4,000\) and all other expenses. Current assets decreased by \(\$ 3,000\), and current liabilities increased by \(\$ 5,000\). How much was Source Today's cash provided by operations (indirect method)?

a. \(\$ 48,000\)

b. \(\$ 50,000\)

c. \(\$ 72,000\)

d. \(\$ 66,000\)

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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