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STUInc.reportednetincomeof$180,000fortheyearendedDecember31st,2023.Duringthe year, the company's accounts receivable increased by $15,000, and accounts payable increasedby$8,000.Calculate:a)Cashflowsfromoperatingactivitiesusingthedirectmethod. b)Cashflowsfromoperatingactivitiesusingtheindirectmethod.c)Netcashprovidedby operating activities. d) Cash flows from financing activities.
STU Inc. reported net income of $180,000 for the year ended December 31st, 2023. During the year, the company's accounts receivable increased by $15,000, and accounts payable increased by $8,000. Calculate: a) Cash flows from operating activities using the direct method.
b) Cash flows from operating activities using the indirect method. c) Net cash provided by operating activities. d) Cash flows from financing activities.
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