The following information is available from the current period financial statements: Net income $137,243 Depreciation expense 25,529 Increase in accounts receivable 15,102 Decrease in accounts payable 21,567 The net cash flow from operating activities using the indirect method is a.$199,441 b.$75,045 c.$137,243 d.$126,103
The following information is available from the current period financial statements: Net income $137,243 Depreciation expense 25,529 Increase in accounts receivable 15,102 Decrease in accounts payable 21,567 The net cash flow from operating activities using the indirect method is a.$199,441 b.$75,045 c.$137,243 d.$126,103
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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