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The following information pertains to Montana Company: Net income. $ $ 11,000 Depreciation expense 35,100 Payment of dividends 51,000 Increase in accounts payable 12,900 Acquisition
The following information pertains to Montana Company: Net income. $ $ 11,000 Depreciation expense 35,100 Payment of dividends 51,000 Increase in accounts payable 12,900 Acquisition of equipment 2,500 Sale of treasury shares 9,300 Payment of long-term debt. 6,800 Proceeds from sale of land 4,200 Increase in accounts receivable 16,700 Collection of long-term notes receivable 42,700 Loss on sale of land. 15,900 Decrease in inventories 3,400 Under the indirect method, net cash provided by operating activities would be O A. $75,600. B. $84,900. C. $58,600. D. $82,400
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