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The following information is available from the current period financial statements: Net income $103,821 Depreciation expense 29,871 Increase in accounts receivable 14,207 Decrease in accounts
The following information is available from the current period financial statements:
| Net income | $103,821 |
| Depreciation expense | 29,871 |
| Increase in accounts receivable | 14,207 |
| Decrease in accounts payable | (29,452) |
The net cash flows from operating activities using the indirect method is
a. $177,351
b. $90,033
c. $30,291
d. $103,821
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Artificial Intelligence In Accounting And Auditing Knowledge Representation Accounting Applications And The Future Volume 3
Authors: Miklos A. Vasarhelyi
1st Edition
1558760784, 978-1558760783
