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The following information pertains to Georgia Company: Net income.. 10,900 Depreciation expense. 35,100 60,000 Increase in accounts payable.... $ 12,700 Acquisition of equipment 2,300 Sale
The following information pertains to Georgia Company: Net income.. 10,900 Depreciation expense. 35,100 60,000 Increase in accounts payable.... $ 12,700 Acquisition of equipment 2,300 Sale of treasury shares 9,300 Payment of long-term debt. Payment of dividends.. 4,200 Increase in accounts receivable 16,200 Collection of long-term notes receivable . 6,800 Proceeds from sale of land 42,900 Loss on sale of land.. 15,800 Decrease in inventories 4,000 Under the indirect method, net cash provided by operating activities would be O A. $91,800. B. $84,300. C. $68,200. D. $94,100
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