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1.Company uses the indirect method to prepare the statement of cash flows. Refer to the following information: (10 pts) a.Sales Revenue230,000 b.Interest revenue5,000 c.Gain on
1.Company uses the indirect method to prepare the statement of cash flows. Refer to the following information: (10 pts)
a.Sales Revenue230,000
b.Interest revenue5,000
c.Gain on sale of assets5,000
d.COGS110,000
e.Payroll Expense50,000
f.Depreciation Expense10,000
g.Other Expenses15,000
Additional information provided by the company includes the following:
1) Current assets, other than cash, increased by $24,000
2) Current liabilities decreased by $1,000
How much is the net cash provided by operating activities?
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