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The following information pertains to Montana Company: Net income .. $ 70,000 Increase in accounts payable....$6,000 . . 7,000 Acquisition of equipment 5,000 with cash
The following information pertains to Montana Company: Net income .. $ 70,000 Increase in accounts payable....$6,000 . . 7,000 Acquisition of equipment 5,000 with cash 21,000 4,000 11,000 38,000 2,000 Collection of long-term notes receivable . .. . Loss on sale of land 11,000 Proceeds from sale of land Under the indirect method, net cash provided by operating activities would be O A. $108,000. B. $93,000. O C. $95,000. D. $110,000
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