Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in preparing a company's statement of cash flows u

In preparing a company's statement of cash flows using the indirect method, the following information...

80.2K

Verified Solution

Question

Accounting

In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $52,000, Accounts payable increased by $18,000, Accounts receivable decreased by $25,000, Inventories increased by $5,000, AND Depreciation expense IS $30,000. Net cash provided by operating activities was:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. ATP is needed to phosphorylate enzymes in the cascade pathway for glycogen phosphorylase. It also...

Biology
Q

Read the following Case Study and answer the questions based on the information. History of Present Illness:...

Medical Sciences
Q

Revise the following statements to make them more positive and courteous. 1. Construction on your building is...

General Management
Q

Which statement most closely agrees with the theory of evolution bymeans of natural selection, as...

Biology
Q

A and B in figure I and II represent two sets shaded area The output...

Physics
Q

A student need to solve for P in P T1 P2 T2 What is the...

Calculus
Q

Find the sum of the series 1 In 7 In 7 In 7 21 31

Calculus
Q

Skysong Corporation had the following 2020 income statement. Sales revenue Cost...

Accounting
Q

Due to erratic sales of its sole product-a high-capacity battery for laptop computers--PEM, Incorporated, has...

Accounting
Q

The level of inventory of a manufactured product has increased by 4,000 units during a...

Accounting
Q

Hello this is supposed to be a budget projection for the next fiscal year, I...

Accounting
Q

Which of the following statements about pensions is true? Under a defined-contribution pension plan, the...

Accounting