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ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order
ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order are line items to be included in the statement of cash flows. Purchase of equipment Decrease in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Gain on sale of land Net income Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 2,290 283 85 320 154 500 180 116 1,180 413 77 2,490 Required: What is the net cash provided by operating activities? O $1,096 inflow $1,328 inflow O $530 inflow $454 inflow
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