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The following are from 2021 financial statement Increase in accounts receivable $ 79,000 Decrease in inventory 63,000 Increase in accounts payable 260,000 Depreciation expense 110,000
The following are from 2021 financial statement
Increase in accounts receivable $ 79,000
Decrease in inventory 63,000
Increase in accounts payable 260,000
Depreciation expense 110,000
Gain on sale of land 146,000
Net income for 2021 is in the amount of $470,000.
What is net cash provided by operating activities under the indirect method?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
