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Riverside Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement: Other information provided: - Current
Riverside Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement: Other information provided: - Current assets other than cash decrease by $4,000. - Current liabilities increase by $1,000. Based on the info provided which of the following is the correct narrative and ending balance in the operating activities section of the company's statement of cash flows: a. Net cash provided by operating activities $11,000 b. Net cash used for operating activities $5,000 c. Net cash used for operating activities $7,000 d. Net cash provided by operating activities $23,000
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