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Kahn Company is a merchandiser that reported net income of $126,000. Additional information follows: Decrease in accounts receivable $4,800 Increase in prepaid expenses $7,000 Depreciation
Kahn Company is a merchandiser that reported net income of $126,000. Additional information follows: Decrease in accounts receivable $4,800 Increase in prepaid expenses $7,000 Depreciation expense $12,600 Increase in accounts payable $9,000 Decrease in taxes payable $6,800 Dividends paid to common stockholders $32,000 Based on this information, under the indirect method the cash provided by operating activities on the statement of cash flows would be: A)$113,400. B) $138,600. C) $111,400. D) $126,000.
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