Question
The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 51,000 Depreciation Expense $ 12,000 Decrease in
The data given below are from the accounting records of the Kuhn Corporation:
| Net Income (accrual basis) | $ 51,000 |
|---|---|
| Depreciation Expense | $ 12,000 |
| Decrease in Accounts Payable | $ 2,800 |
| Decrease in Inventory | $ 3,300 |
| Increase in Bonds Payable | $ 13,000 |
| Sale of Common Stock for cash | $ 30,600 |
| Increase in Accounts Receivable | $ 5,100 |
Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
