Question
. Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and
. Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year
|
| a. | $53,000 |
|
| b. | $47,000 |
|
| c. | $33,000 |
|
| d. | $37,000
|
The following information is available from the current period financial statements:
| Net income | $165,000 |
| Depreciation expense | 28,000 |
| Increase in accounts receivable | 16,000 |
| Decrease in accounts payable | 21,000 |
The net cash flow from operating activities using the indirect method is
|
| a. | $230,000 |
|
| b. | $188,000 |
|
| c. | $198,000 |
|
| d. | $156,000 |
The following information is available from the current period financial statements:
| Net income | $175,000 |
| Depreciation expense | 28,000 |
| Increase in accounts receivable | 16,000 |
| Decrease in accounts payable | 21,000 |
The net cash flow from operating activities using the indirect method is
|
| a. | $166,000 |
|
| b. | $184,000 |
|
| c. | $110,000 |
|
| d. | $240,000 |
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
