Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When using the indirect method to prepare the statement of cash flow, not income is $21,000. There was a pain on disposal of an asset
When using the indirect method to prepare the statement of cash flow, not income is $21,000. There was a pain on disposal of an asset of $7.000, dupeociation expense of $800, an increase in Accounts Receivable of $1,700, and a decrease in Accounts Payable of $2,500. What is the net cash flow from operating activities? A $9.000 B. $21,000 OC. $33,000 OD. $10.600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started