1.A company uses the indirect method to determine the cash flows from operating activities. Use the following...
Fantastic news! We've Found the answer you've been seeking!
Question:
1.A company uses the indirect method to determine the cash flows from operating activities. Use the following information below to determine its net cash provided or used by operating activities.
Net Income $15,200
Depreciation Expense 10,000
Cash Payment on note payable 8,000
Gain on sale of Land 3,000
Increase in Inventory 1,500
Increase in Accounts Payable 2,850
Posted Date: