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Marigold Company reported net income of $52000 for the year. During the year, accounts receivable decreased by $8200, accounts payable increased by $4500 and depreciation
Marigold Company reported net income of $52000 for the year. During the year, accounts receivable decreased by $8200, accounts payable increased by $4500 and depreciation expense of $5200 was recorded. Using the indirect method. net cash provided by operating activities for the year is O $39300. O $46800. O $50500. O $69900. Save for Later Attempts: 0 of 1 used The net income reported on the income statement for the current year was $229000. Depreciation recorded on plant assets was $34500. Accounts receivable and inventories increased by $2000 and $8500, respectively. Prepaid expenses and accounts payable decreased by $1500 and $11600 respectively. Using the indirect method, how much cash was provided by operating activities? 0 $263500 0 $242900 0 $208900 0 $229000 Save for Later Attempts: 0 of 1 used If a loss of $25400 is incurred in selling for cash office equipment having a book value of $90000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Next question O $25400. O $64600. O $90000. O $115400. Save for Later Attempts: 0 of 1 used Submit
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