Question
The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 64,000 Depreciation Expense $ 18,500 Decrease in
The data given below are from the accounting records of the Kuhn Corporation:
| Net Income (accrual basis) | $ | 64,000 |
| Depreciation Expense | $ | 18,500 |
| Decrease in Accounts Payable | $ | 3,450 |
| Decrease in Inventory | $ | 3,950 |
| Increase in Bonds Payable | $ | 19,500 |
| Sale of Common Stock for cash | $ | 31,900 |
| Increase in Accounts Receivable | $ | 6,400 |
Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
