Question
Consider the following: Net Income $69,200 Depreciation Expense 48,000 Gain on Sale of Land 30,000 Increase in Inventory 8,200 Increase in Wages Payable 24,600 Payment
Consider the following: Net Income $69,200 Depreciation Expense 48,000 Gain on Sale of Land 30,000 Increase in Inventory 8,200 Increase in Wages Payable 24,600 Payment of Dividends 8,000 Calculate the net cash provided (or used) by operating activities using the indirect method. A. $103,600 B. $ 50,800 C. $ 75,600 D. $163,600
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
