Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kentucky company uses the indirect method to prepare the statement of cash flows refer to the following income statement $253,300 Kentucky Company Income Statement Year

image text in transcribed
image text in transcribed
Kentucky company uses the indirect method to prepare the statement of cash flows refer to the following income statement
$253,300 Kentucky Company Income Statement Year Ended December 31, 2019 Sales Revenue $245,000 Interest Revenue 2.400 Gain on Sale of Plant Assets 5.900 Total Revenues and Gains Cost of Goods Sold 125,000 Salary Expense 44,000 Depreciation Expense 14.000 Other Onortinn Evanco 22 nnn O A. $18,100 OB. $13,100 O C. $26,200 OD. $32.100 Other Operating Expenses 22,000 Interest Expense 1,800 Income Tax Expense 5,100 Total Expenses 211,900 Net Income (Loss) $41,400 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $22.000 2. Current liabilities decreased by $1,300. Compute the net cash provided by (used for) operating activities. O A. $18,100 O B. $13,100 O C. $26,200 OD. $32.100

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

Step: 3

blur-text-image

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

EH And S Auditing Made Easy A Checklist Approach For Industry

Authors: Kathleen Hess

1st Edition

0865875812, 978-0865875814

More Books

Students also viewed these Accounting questions