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The income statement for AAA Company for the year ended December 31, 2018 showed depreciation expense $100,000 and net income $270,000. Changes in current assets
The income statement for AAA Company for the year ended December 31, 2018 showed depreciation expense $100,000 and net income $270,000. Changes in current assets and current liabilities from 2017 to 2018 were as follows:- Increase in inventories $10,000 - Decrease in Accounts receivable $8,000 -Increase in Accounts payable $4,000. The net cash flow provided by the operating activities section of the statement of cash flows using indirect method, for the year 2018 would be
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