Question
he data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 48,000 Depreciation Expense $ 10,500 Decrease in
he data given below are from the accounting records of the Kuhn Corporation:
| Net Income (accrual basis) | $ | 48,000 |
| Depreciation Expense | $ | 10,500 |
| Decrease in Accounts Payable | $ | 2,650 |
| Decrease in Inventory | $ | 3,150 |
| Increase in Bonds Payable | $ | 11,500 |
| Sale of Common Stock for cash | $ | 30,300 |
| Increase in Accounts Receivable | $ | 4,800 |
Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
Multiple Choice
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$59,500
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$62,650
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$54,200
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$65,700
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Cost Accounting College Version
Authors: Steven M. Bragg
1st Edition
1938910702, 978-1938910708
