In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was$52,000 Accounts payable increased by 18,000 Accounts receivable decreased by 25,000 Inventories decreased by 5,000 Cash dividends paid were 14,000 Depreciation expense was 20,000 Net cash provided by operating activities was:
A. $120,000.
B. $70,000.
C. $71,000.
D. $24,000.
E. $110,000.
Answer: A
You might also like to view...
Factor analysis is a multiple regression statistical procedure
Indicate whether the statement is true or false
A(n) ____________________ clause in a lease obligates the tenant to pay any increase in real estate taxes assessed against the leased premises
Fill in the blank(s) with correct word
A sports equipment retailer needs to forecast sales by product classes one to two years out. Which forecasting model is most appropriate?
A. Econometric model. B. Informed judgment. C. Weighted moving average model. D. Moving average model.
Inez contracted with Filippo Furnaces Co. for the installation of a new furnace. Inez selected the furnace she wanted, accepting no suggestions from Filippo Furnaces' heating engineer. The furnace operated fine, but it did not heat the entire house. The size of the blower on the furnace was too small to accommodate the third floor of the house. Inez sued Filippo Furnaces Co. for the breach of the implied warranties of merchantability and fitness. What result?
What will be an ideal response?