Question
The following information is available from the current period financial statements: Line Item Description Amount Net income $132,771 Depreciation expense 23,419 Increase in accounts receivable
The following information is available from the current period financial statements:
| Line Item Description | Amount |
|---|---|
| Net income | $132,771 |
| Depreciation expense | 23,419 |
| Increase in accounts receivable | 16,907 |
| Decrease in accounts payable | 15,743 |
The net cash flows from operating activities using the indirect method is
a.$123,540
b.$188,840
c.$76,702
d.$132,771
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
