FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Volutia Corporation's comparative financial statements included the following amounts for the current year:
Compute net cash provided by operating activities using the indirect method.
| $102,000 | |
| Loss on sale of fixed assets | 38,000 |
| Decrease in fixed assets | 155,000 |
| Increase in |
37,000 |
| Decrease in accounts payable | 42,000 |
| Decrease in inventory | 71,000 |
| Increase in taxes payable | 19,000 |
| Net income | 72,000 |
Group of answer choices
$223,000
$68,000
$22,000
$185,000
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