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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
| | |
| Net income for the year was | $ | 82,000 |
| Accounts payable decreased by | | 33,000 |
| Accounts receivable increased by | | 40,000 |
| Inventories increased by | | 20,000 |
| Depreciation expense was | | 60,000 |
| |
Net cash provided by operating activities was:
Multiple Choice
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$75,000.
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$115,000.
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$49,000.
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$155,000.
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$82,000.
Answer & Explanation
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