pregunta anexaquestion in image Harlow Industries reported net income of $56,000 for the current year.During the year, Inventory decreased by $19,600, Accounts Payabledecreased by $22,400, Depreciation Expense was $28,000, and AccountsReceivable increased by $18,200. If the indirect method is used, what isthe net cash provided by operating activities? /Industrias Harlow report una utilidad neta de $56,000 por el año actual.Durante este año, el Inventario disminuyó por $19,600, Cuentas porpagar disminuyó por $22,400, el Gasto por Depreciación fue de $28,000y Cuentas por cobrar se incrementó por $18,200. Si se utiliza el métodoindirecto, ¿cuál es el flujo de efectivo neto provisto por las actividades deoperación?$29,400144,200$107,800O $63,000

Statement of cash flows form a part of financial statement and is prepared with a view to report the…

Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? /

Harlow Industries reported net income of $56,000 for the current year. During the year, Inventory decreased by $19,600, Accounts Payable decreased by $22,400, Depreciation Expense was $28,000, and Accounts Receivable increased by $18,200. If the indirect method is used, what is the net cash provided by operating activities? /

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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Smoltz Company reported the following information for the current year: cost of goods sold, $252,500; increase in inventory, $21,700; and increase in accounts payable, $12,200. What is the amount of cash paid to suppliers that Smoltz would report on its statement of cash flows under the direct method? a. $218,600 c. $262,000 b. $243,000 d. $286,400
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