Question
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $52,000, Accounts payable increased by $18,000,
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $52,000, Accounts payable increased by $18,000, Accounts receivable decreased by $25,000, Inventories increased by $5,000, AND Depreciation expense IS $30,000. Net cash provided by operating activities was: Select one: a. $120,000. b. $70,000. c. $60,000. d. $80,000. Please Solve As soon as Solve quickly I get you thumbs up directly Thank's
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
