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The following information is available from the current period financial statements: Line Item Description Amount Net income $114,521 Depreciation expense 27,347 Increase in accounts receivable
The following information is available from the current period financial statements:
Line Item Description | Amount |
---|---|
Net income | $114,521 |
Depreciation expense | 27,347 |
Increase in accounts receivable | 15,904 |
Decrease in accounts payable | 17,821 |
The net cash flows from operating activities using the indirect method is
a.$53,449
b.$175,593
c.$114,521
d.$108,143
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