loader  Loading... Please wait...

Question(s) / Instruction(s):

In preparing a company\'s statement of cash flows for the most recent year on the indirect method, the following information is available:

  Net income for the year was    $59,000

  Accounts payable decreased by              $19,000

  Accounts receivable decreased by         $25,000

  Inventories increased by            $3,500

  Cash dividends paid were          $11,000

  Depreciation expense was        $31,000

Net cash provided by operating activities was:

a)            $42,000.

b)            $78,000.

c)            $92,500.

d)            $28,500.

e)            $130,500.

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

You Recently Viewed...



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494