Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Creble Company reported net income for 2013 in the amount of $43,000. The company's financial statements also included the following: Increase in accounts receivable $4,800

Creble Company reported net income for 2013 in the amount of $43,000. The company's financial statements also included the following:

Increase in accounts receivable $4,800
Decrease in inventory 1,700
Depreciation expense 3,800
Gain on sale of equipment 5,100

In the statement of cash flows what is net cash provided by operating activities under the indirect method?

$38,600.
$31,000.
$58,400.
$44,800.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Count Down The Past, Present And Uncertain Future Of The Big Four Accounting Firms

Authors: Jim Peterson

2nd Edition

1787147010, 9781787147010

More Books

Students also viewed these Accounting questions