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  3. nordstrand company's net income last year was $36,

Nordstrand Company's net income last year was $36,000. Changes in selected balance sheet accounts for...

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Accounting

Nordstrand Company's net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below:

Increases/decreases
Debit balances:
Accounts Receivable $(7,000)
Inventory $(5,000)
Prepaid Expenses $3,000
Credit balances:
Accumulated depreciation $18,000
Accounts payable $13,000
Accrued liabilities $(9,000)
Taxes payable $0
Deferred taxes $1,000

Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be: a. $4,000, b. $68,000, c. 50,000, d. $54,000

Answer is:

Solution:

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