Question
Super Marketearned net income of $ 62,000after deducting depreciation of $ 8,000and all other expenses. Current assets decreased by $ 7,000,and current liabilities increased by
Super Marketearned net income of $ 62,000after deducting depreciation of $ 8,000and all other expenses. Current assets decreased by $ 7,000,and current liabilities increased by $ 9,000. How much was Super Market'scash provided by operating activities (indirect method)?
A.$ 72,000 B.$ 52,000 C.$ 86,000 D.$ 38,000
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
