The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information has been provided to you by RKJ Company:
Net income
$ 300,500
Decrease in accounts payable
114,200
Increase in inventory
22,250
Increase in accounts receivable
24,150
Decrease in bonds payable
25,100
Loss on sale of a depreciable asset
19,050
Depreciation expense
40,250
Decrease in income taxes payable
12,100
Using the indirect method, what is the net cash provided by operating activities?
Multiple Choice
$205,950.
$168,050.
$231,050.
$187,100.
Transcribed Image Text:The following information has been provided to you by RKJ Company: Net income $ 300,500 Decrease in accounts payable 114,200 Increase in inventory 22,250 Increase in accounts receivable 24,150 Decrease in bonds payable 25,100 Loss on sale of a depreciable asset 19,050 Depreciation expense 40,250 Decrease in income taxes payable 12,100 Using the indirect method, what is the net cash provided by operating activities? Multiple Choice $205,950. $168,050. $231,050. $187,100.
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