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 increased by 5,000 Depreciation expense was 30,000 Net cash provided by operating activities was:

A. $120,000.
B. $70,000.
C. $130,000.
D. $80,000.
E. $60,000.


Answer: A

Business

You might also like to view...

The controller notifies the business reporting process of investing and financing transaction activities,

Indicate whether the statement is true or false

Business

A claim in recoupment:

A. must arise from the transaction that gave rise to the instrument. B. can make a person a holder in due course even if he knows about it before the negotiation. C. is actually not an offset to liability, but a defense to an instrument. D. is a claim of the original payee against the obligor of the instrument.

Business

If your body text is 12-point Times New Roman, then 10-point Arial would be a good choice for type within your illustrations

a. true b. false

Business

Bribery of foreign government officials is both an ethical and a legal issue

a. True b. False Indicate whether the statement is true or false

Business