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The data given below are from the accounting records of the Kuhn Corporation: 26 Net Income (accrual basis) Depreciation Expense Decrease in Accounts Payable Decrease
The data given below are from the accounting records of the Kuhn Corporation: 26 Net Income (accrual basis) Depreciation Expense Decrease in Accounts Payable Decrease in Inventory Increase in Bonds Payable Sale of Common Stock for cash Increase in Accounts Receivable $48,000 $10,500 $ 2,650 $ 3,150 $11,500 $30,300 $ 4,800 Based on this information, the net cash provided by (used in) operating activities using the indirect method would be: Multiple Choice $59,500 $62,650 $65,700 $54.200 $54,200
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