Using the indirect method, calculate the net cash provided by operating activities using the following information...

Transcribed Image Text:

Using the indirect method, calculate the net cash provided by operating activities using the following information for ZZZ Company: Net income for the $79,000 year was Accounts payable 17,000 decreased by Accounts receivable 14,000 decreased by Inventories increased 12,000 by Paid cash for new 31,000 equipment Depreciation expense was 55,000 Using the indirect method, calculate the net cash provided by operating activities using the following information for ZZZ Company: Net income for the $79,000 year was Accounts payable 17,000 decreased by Accounts receivable 14,000 decreased by Inventories increased 12,000 by Paid cash for new 31,000 equipment Depreciation expense was 55,000