The following information is available from the current period financial statements: Net income $111,914 Depreciation expense 37,319 Increase in accounts receivable 15,721 Decrease in accounts payable 25,296 The net cash flows from operating activities using the indirect method is Oa. $190,250 Ob. $84,170 Oc. $108,216 Od. $58,874

The following information is available from the current period financial statements: Net income $111,914 Depreciation expense 37,319 Increase in accounts receivable 15,721 Decrease in accounts payable 25,296 The net cash flows from operating activities using the indirect method is Oa. $190,250 Ob. $84,170 Oc. $108,216 Od. $58,874

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 40E

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